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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From Garbage to Gold

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March 18, 2023 From Garbage to Gold A Miami-based climate tech company develops a method to create carbon credits from reducing food waste while the world’s largest carbon credit developer produces credits from railways. A Canadian biochar producer secures $38 million to expand its production and the EU plans for Net Zero.  Let’s jump right in!   Don't be Wasteful with Waste The global food system emits about a third of total annual GHG emissions, and food waste represents about half of this footprint. A study found that global food waste emitted 9.3 billion tonnes of CO2e (GtCO2e) or about the same as the total emissions of the US and the EU in 2017. To help address this concern, a climate tech firm CoreZero decided to rescue food waste and quantify the prevention of 221,800 tons of carbon emissions. The company then converted these reductions into the world's first carbon credits from waste.  With this approach, CoreZero aims to transform the 1.3 billion tons of food wa...
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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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The Carbon Capture Bonanza

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February 18, 2023 The Carbon Capture Bonanza A giant energy firm will invest US$26 million to advance knowledge on carbon capture and storage in Australia while a carbon farming startup was able to raise US$73 million to improve soil’s ability to capture carbon. A VC fund specially dedicated to the carbon removal industry also secures US$42 million in funding as the world’s largest exchange for carbon credits will begin to trade Cercarbono carbon offsets on its platform.   Let’s dig in. The Buzz to Net Zero Carbon capture and storage (CCS) is a big buzzword in the world’s quest to reach net zero. Energy giant Chevron believes that it has a crucial role to play in meeting net zero targets “in almost any scenario”. As proof, Chevron Australia is investing US$26 million to advance carbon capture and storage (CCS) research in the country.  For the record, the energy firm had allotted a $10 billion dollar investment last year into low-carbon business initiatives. And that includes ...
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