Alternative Fuel Choice

As the planet struggles under increasing levels of air pollution and global warming, carbon offset is acting as a saviour by incentivizing companies and governments to decrease their carbon emissions.

The unregulated emission of harmful greenhouse gases is checked by the carbon offset concept, which does so by providing incentive for use of alternative and green energy, reforestation projects etc.. The Kyoto Protocol, an international agreement signed by most nations in 2005 puts limits on emission by member countries on the basis of whether they are developing or developed, which in turn governs emissions by different sectors in each of these countries.

According to the Protocol, companies releasing tonnes of carbon dioxide have to either cut back on their emissions to the permitted levels, purchase carbon credits certificates, which can be traded on the bourses, or otherwise pay a carbon tax for being compliant with the prescribed reduction. One carbon credit, which is an older instrument than carbon offset, authorizes the credit’s buyer to discharge one tonne of carbon dioxide into the atmosphere, and this technique is the most economical way of buying an allowance to release extra greenhouse gases in the atmosphere. Both global and regional companies, to make their activities carbon neutral and improve their image before customers and investors, are increasingly buying carbon credits.

Another innovative instrument, carbon offset, has paved the way for an excellent economic chance, particularly in the third world countries, as the scheme provides smooth financing for eco-friendly projects that are created to help reduce the overall carbon footprint in the world. It therefore helps in promoting ecological programmes related to reforestation, conservation of resources, and clean energy choices like tidal energy, solar energy, geothermal energy, etc.

Apart from the companies, even individuals are contributing to the environment by purchasing carbon offset and encouraging others to do the same. Buying carbon offset is straightforward and can be conveniently implemented online through one of the many carbon offset provider websites; but it should be ensured that your investment is making real influence through good projects.

Carbon offset is a very effective way to save out planet but we must also keep in mind that making small changes in our daily lives can be of immense help in preventing further environmental degradation. We must adhere to certain basic disciplines like switching off lights and other electronic appliances when not required, making use of low-energy bulbs and LED lighting, and going for renewable fuels like biodiesel.

Carbon offset is still a new word for average people. Spreading proper knowledge of the concept will go a long way in ensuring a green and pollution-free planet.