Carbon Offsetting
What is Offsetting?
A carbon offset negates or ‘neutralises’ a tonne of carbon dioxide equivalent (tCO2e) emitted in one place by avoiding the release of a tCO2e elsewhere, or absorbing/sequestering a tCO2e that would have otherwise remained in the atmosphere.
Carbon offsets are created through various types of projects, such as renewable energy, energy efficiency, destruction of various industrial gases, and carbon sequestration underground or in soils and forests. A project does not necessarily have to offset CO2, but can also offset a variety of other greenhouse gases (GHGs), such as methane and hydrofluorocarbons.
Carbon neutrality, or having a net zero carbon footprint, refers to achieving net zero year on year greenhouse gas (GHG) emissions. This can be achieved by balancing measured emissions with an equivalent amount of carbon offsets.
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