In the 1990s, a growing global consciousness emerged regarding reducing greenhouse gas (GHG) emissions, which include carbon dioxide, methane, and nitrous oxide.
The carbon credit mechanism, established within the 1992 United Nations Framework Convention on Climate Change (UNFCCC) framework, is a pivotal tool for encouraging investments in carbon reduction projects in developing nations. Its primary goal is to reduce carbon emissions, thereby contributing to the global efforts to combat climate change and mitigate the impacts of future global warming.
The fundamental concept revolves around using carbon credits to transfer a net climate benefit from one entity to another. Each carbon credit signifies a reduction of one metric tonne of greenhouse gas (GHG) emissions accomplished by the carbon reduction project.
1 Carbon Credit = 1 tonne GHG Emissions Reduction by a carbon reduction project
Carbon credits are transferable instruments used to convey the GHG emissions reduction achieved by a carbon reduction project to a recipient (either an individual or an entity) that generates its own GHG emissions. The recipient purchases the required carbon credits to counterbalance their emissions on a tonne-for-tonne basis.
To attribute emissions reductions, it is essential to ‘retire’ carbon credits on behalf of the recipient through an International Carbon Registry. This retirement grants the recipient the right to apply the achieved greenhouse gas (GHG) emissions reduction to their own GHG reduction targets.
Projects opting to issue carbon credits must adhere to the stringent criteria outlined by the chosen International Carbon Registry Standard. This standard includes project registration, carbon emission accounting, monitoring, verification, and certification. The carbon credits generated by the carbon reduction project are sold through the International Registry, generating funds to support and finance the ongoing project.
Carbon Offsetting: A Solution for the Superyacht Community
Our carbon offset service is designed to assist the superyacht community in offsetting its environmental footprint. While we acknowledge that carbon offsetting is not a perfect environmental solution, it is one of the most effective tools available to our industry for reducing its impact on the planet.
At Yacht Carbon Offset, we advise taking a proactive approach to reducing the impact of your carbon footprint. Operating your yacht efficiently and adopting strategies to minimise fuel consumption is crucial for effectively reducing greenhouse gas (GHG) emissions at the source.
However, a certain amount of fuel is necessary to optimise a yacht’s range and performance. Therefore, it’s important to acknowledge and address the associated greenhouse gas emissions. Carbon offsetting presents an immediate, cost-effective, and impactful solution to counterbalance the unavoidable GHG emissions inherent in the enjoyment of a yachting experience.
Why Choose Carbon Offsetting?
In light of the heightened public awareness regarding the correlation between greenhouse gas (GHG) emissions and climate change, opting to offset the carbon footprint generated by your yachting activity is a practical step that not only underscores your commitment to environmental responsibility but also aligns seamlessly with the values of clients, guests, employees, stakeholders, and individuals who, like you, recognise the implications of energy consumption on our planet.
By proactively addressing the environmental impact of your yachting activities, you’re contributing to a positive change and positioning yourself as a conscientious leader in your industry. This approach is particularly noteworthy for individuals with elevated public profiles or businesses that prioritise the reduction of GHG emissions. Furthermore, a tangible public relations advantage comes with demonstrating a genuine commitment to mitigating the effects of climate change.
Below is a list of the current projects we have selected for our clients (subject to credit availability).