What are Carbon Offsets?

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What are Carbon Offsets?

Carbon offsets are assets used to compensate for an entity’s carbon emissions. The offsets are from activities or projects that suck in carbon from the air. They’re also from initiatives that reduce future emissions.

As such, the credits produced by the projects represent the amount of carbon offsets that they deliver. They allow individuals, firms, and countries to offset their emissions.

• One carbon offset represents one carbon credit. And in turn, one credit equals one ton of carbon removed or prevented from entering the atmosphere.

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“Take the climate crisis as an opportunity… A 130 trillion carbon market will be opened by 2030”

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Interview with Steve Glickman, president for international at Aspiration, a US carbon trading company Voluntary  carbon trading around the world is growing rapidly "Every major challenge that threatens humanity can be a business opportunity." In a recent interview with Maeil Business News, Steve Glickman, president of international affairs at Aspiration (pictured), ordered companies to actively seize business opportunities prior to revitalizing the Voluntary Carbon Market (VCM). Aspiration is a leading American fintech company that provides financial and sustainable services for carbon neutralization to individuals and businesses. Founded in 2013, it planted more than 130 million trees around the world last year alone, and aims to plant 5 billion trees by 2040, offsetting about 1.7 billion tons of carbon. More than 8 million individual and corporate customers are participating in Aspiration's carbon neutralization projects. Actors Leonardo DiCaprio, Orlando Bloom and Robe...
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What is Your Carbon Footprint and How to Reduce It?

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What is Your Carbon Footprint and How to Reduce It? Are you wondering how much carbon dioxide you release into the air? Then you may want to know what is your carbon footprint. Every time you do something that burns fossil fuels, you emit carbon into the atmosphere. If you’re driving a car, flying in a plane, eating something, or only watching TV, you’re emitting carbon. Your home or the building you’re living in also factors into your personal emissions. Some people emit more carbon dioxide than others. But your individual carbon footprint is a part of the total emissions released into the air. It all adds up. So, it’s crucial that we know our individual carbon footprints and how we can reduce them. It will help the world’s quest to reverse the disastrous climate change effects. This guide will help you know how much CO2 you’re emitting and what are the ways you can do to reduce it. What’s Your Individual Carbon Footprint? According to WHO, a carbon footprint is a measure of the impac...
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A Back-to-Back Launch at COP27

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November 12, 2022 A Back-to-Back Launch at COP27 Since COP27 started this week, carbon credits and payment for the “loss and damage” by the biggest polluters are the focus of the talks. At the same time, Bloomberg’s charitable organization announced a new initiative to help scale the VCM.  Also within COP27 radar, foreign debt restructuring in exchange for funding conservation projects is gaining traction among developing countries.  All these COP27 roundup stories and more! So, let’s get started. $1.7T for “Loss & Damage” Concerns about tackling the catastrophic effects of climate change have never been more urgent. During COP27, the payment for the “loss and damage” experienced by poor nations because of climate disasters took center stage. The amount needed for such compensation varies; one study estimated it to be worth up to $580 billion annually by 2030, growing to $1.7 trillion by 2050.  Also at the COP27 limelight is John Kerry’s revelation of the U.S. plan to...
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