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How Can Carbon Credits be Bought?

How Can Carbon Credits be Bought?

How Can Carbon Credits be Bought?

How Can Carbon Credits be Bought?

Carbon credits are turning out to be a wonderful way to reduce the total amount of damage being done to the environment.

However, there are still a lot of questions and doubts about the process of buying carbon credits, and how much of it does one need to buy in order to ensure carbon neutrality.

Hence, it's paramount to know what the easiest ways to procure carbon credits are, including organizations and agencies which provide the most intuitive and economical ways to reduce your carbon footprint.

Carbon Credits: a Brief Introduction

Carbon credits, for those who are new to the term, are the easiest way to reduce your overall carbon dioxide footprint from your daily lifestyle. The idea is intuitive: if you cannot make changes which make your life carbon efficient, you pay someone else who is actually reducing these emissions by their efforts.

Prominent examples include renewable and clean energy projects that offset some amount of carbon from your total carbon expenditure, as well as reforestation and energy conservation projects.

An example would be taking a road trip. Since that trip would create some amount of emissions, you can buy an equivalent amount of carbon credit from, say, an organization building a solar energy power plant. That way, your total carbon footprint remains neutral.

Understanding Carbon Credit Pricing

Many people claim to understand the process of carbon credit pricing, but unfortunately a large majority of carbon credit buyers get duped because of shoddy pricing mechanisms. All is not lost, however.

A large number of new projects are coming up which are more transparent, intuitive as well as economical to procure. Also, they are all standardized by agencies such as Gold Standard and VCS.

Take, for example, a biogas project which gives you a guaranteed reduction of a metric ton in carbon dioxide emissions in exchange for 11 USD.

The process is highly transparent and easy to understand - biogas produces clean energy, and the amount of carbon emissions from an equivalent amount of unclean energy source are calculated and the offset in carbon is converted into an economic context.

We then arrive at the 11 USD figure, which includes all their production costs per the amount of energy it takes to produce the energy which would create a ton of carbon emissions from a source like coal.

Places to Buy Carbon Credits

Much as the idea of procuring carbon credits is enticing, the reality is that due to lack of regulation, the process of procurement and pricing of carbon credits has largely been opaque. As times change, a large number of companies and organizations are working to make the process intuitive, approachable and affordable.

Among carbon offset sales platforms, we at CO2nsensus, pride ourselves of being one of the best. What sets us apart is that we provide customized solutions which you can use to both monitor your emissions and customise your carbon emissions plan. Software for carbon footprint calculations (including co2nnector and co2nnector-Pro) is also launching soon. Visit our website soon to know more!

We at CO2nsensus bring the best rated standardised carbon offset projects in Turkey right to you, and you can invest in these wonderful projects rated by IHS Markit, VCS, the Gold Standard and many other such impactful projects. It’s a one stop shop for all kinds of carbon emissions needs!

To give an example of the extent to which companies are investing into carbon credits - in 2016, JetBlue - the American aircraft carrier went ahead and bought enough carbon credits to offset around 800,000 metric tons of CO2. Many carriers have now started compensating flyers with carbon credits in lieu of the flight’s emissions.

Bringing It All Together

Carbon credits are a brilliant concept which allows one to take notice of their carbon expenditure and minimize it by investing in a project which reduces it for them. Hence, more and more people should be made aware of this. Awareness still remains a large challenge for companies which provide carbon credits.

Another major reason why these investments are not very popular is the lack of transparency in the entire vertical of carbon credits. Neither the processes nor the pricing mechanisms are often declared or detailed for the consumer to know their investment is actually getting returns.

However, with the arrival of services like Terra Pass, the horizon is now getting clearer for the carbon credits industry to legitimately bring us closer to a carbon neutral future. Better service, intuitive interfaces and much more economical offers are definitely a large step forward for this hitherto fledgling industry.

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