Carbon offsetting remains a slightly contentious subject, so when a
company voluntarily chooses to purchase carbon credits to compensate for its
emissions it is not uncommon that this is met with a level of scepticism… But
why is this?
Well, in 2008 an unregulated market and a growing demand for voluntary carbon credits resulted in an explosion of companies offering solutions through a variety of projects ranging from tree planting to hydroelectric power. The projects differed drastically in terms of quality and price (per tonne of carbon) and led to a series of questions about the credibility of the credits, which couldn’t always be answered.
High carbon emitting companies marketing themselves as carbon neutral added to the growing zeitgeist that ‘carbon offsetting provides a practical way for companies to continue with business as usual and appear green’.
When Rider Levett Bucknall recently decided to offset the GHG emissions generated from its domestic air travel, the aforementioned meant this decision wasn’t taken lightly.
To avoid the issues which have led to trouble in the past, the
credits purchased were covered by one of the market flexibility mechanisms
under the Kyoto Protocol (Certified Emission Reductions) as this guarantees
that they meet the ‘Good Quality’ criteria established by Defra.
This ensures that the issue of additionally (i.e. if national carbon legislation dictates that the project would have occurred regardless of credit suppliers intervention, the project is not considered additional), and the worry of permanence (e.g. forestry projects are at risk of disease or fire) are avoided.
Rider Levett Bucknall chose to purchase ‘Good Quality’ credits through The Converging World for the quality of the credits, and the difference they make to the lives of Indian community groups through education, health and energy projects.
(Image provided by The Converging World)
Find out more about the Good Quality criteria.
