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What is Carbon Offset?
What is Carbon Offsetting?
Carbon Offsetting is a voluntary initiative to reduce the amount of greenhouse gas (GHG) emissions to confront ever more deteriorating climate change. To encourage individuals/businesses to get involved in reduction/sinking projects, carbon offsetting uses market mechanisms.
Carbon offsetting is a way of compensating the unavoidable amount of GHG emissions by purchasing “credits” equivalent to the total or part of the GHG emissions, or investing directly to a reduction/sink project.
Carbon Offsetting is significant because it…
- encourages GHG emission reduction activities by individuals/businesses.
- makes individuals/businesses realize that GHG emissions are cost, and makes foundation of a low carbon society.
- expands investment for reduction/sink projects, especially the ones simultaneously realize climate change benefits and sustainable development benefits (co-benefit project).