This days people have begun to go green and think about the environment, we often hear the words carbon offsetting, knowing that it may be beneficial for Earth but not really having any thought on what it does. Carbon offsetting, to put it simply, is a way of balancing out carbon discharges companies make by supporting eco-friendly endeavors that eliminate those gases.
Companies in the industrial business, factories, and others release high levels of carbon every year to function. It is necessary most of the time. But what is exactly bad with emitting CO2? It’s not exactly bad but unsafe if it’s too much. We release too much of it with our daily activities. CO2 acts like a big blanket that locks in the heat inside the Earth, causing global warming.
Envision being a movie company and you are making a million-dollar picture with an ensemble cast of A-list stars. The film’s action sequence needs shots of blasting planes and sports car racings. Those action-packed scenes would surely let out high levels of smoke and gasses.
Even fastfood chains, house constructions, fabric factories and more emit CO2 gasses.
The government has given companies and businesses a limit on their carbon discharges. If they go over their cap, they face punishment or they may even be shut down for good. In the mentioned examples, a movie like that and those businesses would surely exceed their carbon emission limit. So rather than curtailing their operation, they can purchase carbon offsetting.
Companies usually pay a reputable environmental company to offset their carbon emissions. In return, the environmental company will balance out the greenhouse gas discharge by engaging in various ways, including reforestation, methane combustion, and investing in renewable energy among others.
Costs of carbon offsetting alters from $3 to $90 per metric ton of CO2, depending on the method used and the company bought from. And also depending on a business’ quantity of carbon emission, carbon offsetting can cost a company thousands of dollars per annum. A more specific computation sample would be from $50 to $70 to offset the yearly emissions of a car.
Going green for the planet is hopefully not just a passing trend. More and more companies are now trading and neutralizing their carbon discharges, which can be seen as an encouraging proof that caring for the planet is a lasting thing and that people are getting more committed to the cause.
Learn more about carbon offset and carbon credits and get a deeper understanding on how you can help in saving the environment.