The Carbon Offsetting Process is built on a Solid Foundation with a Real Desire to Tackle Climate Change
Carbon offsetting is a mechanism developed under the United Nation’s Framework Convention for Climate Change (UNFCCC) in response to the urgent need to curtail global warming. The process stimulates much-needed support for carbon reduction projects in developing countries and, at the same time, enables individuals and organisations to counterbalance unavoidable green gas emissions.
The Benefits of Carbon Offsetting
- Achieve Emission Reduction Goals: Carbon offsetting is a tool to help individuals and organisations meet their emission reduction goals by counterbalancing unavoidable greenhouse gas emissions. It should be used in conjunction with other positive actions, such as lowering consumption, reducing travel and improving efficiency.
- Demonstrate Climate Responsibility: We cannot leave the fight against climate change to others. Carbon offsetting demonstrates your commitment to counterbalance the impact of your own activities.
- Immediate Benefits: The benefits of Carbon Offsetting for the participating company or individual start as soon as support for the carbon reduction project has been pledged.
- Transparent & Verified: Under the umbrella of the United Nations, the carbon offset process demands the achievements of high standards, verified by International Registries such as Gold Standard and Verified Carbon Standard.
- Quantified: Emission reductions are counterbalanced tonne for tonne.
The Process is Simple
Carbon Offsetting Helps the Superyacht Community to Achieve its Emission Reduction Goals
Carbon offsetting is a tool that conveys a net climate benefit from one entity to another using carbon offset credits.
A carbon offset credit is a transferrable instrument certified by an independent certification body to represent a reduction of one metric tonne of greenhouse gas (GHG) emissions. 1 Carbon Credit = 1 tonne GHG Savings.
Carbon offsetting provides vital financial support for carbon reduction projects that reduce or eliminate GHG emissions (“GHG Savings”).
Carbon credits are used to convey the GHG Savings from the project to the individual or entity buying the credit, thereby counterbalancing the recipient’s emissions on a tonne-for-tonne basis. The purchaser of an offset credit must “retire” it from the International Registry to claim the underlying reduction towards their own GHG reduction goals.
Using its bespoke, in-house calculating tool, Yacht Carbon Offset calculates the number of tonnes of GHG emissions associated with the identified emission sources.
Yacht Carbon Offset issues a personalised Yacht Carbon Offset Certificate for each carbon offset transaction showing exactly which GHG emitting sources have been included in the carbon offset transaction and the project selected to complete the transaction.