I myself think that if you use carbon offset in the right way, it can certainly make a difference in the world. It is of course important that small-scale projects of this kind are set up worldwide. On the other hand, it is important that the money ends up in the right place and that everyone can see it in a controllable way. Blockchain and a reward token are extremely suitable to fulfill this role.
Carbon offsets schemes were set up to allow the largest polluters who exceed permitted emissions’ levels to fund projects, such as reforestation, that reduce carbon dioxide (CO2) in the air, essentially balancing out their emissions equation.
The types of carbon offset projects that are implemented are diverse. They range from forestry sequestration projects (which remove CO2 from the atmosphere when trees grow) to energy efficiency and renewable energy projects (which reduce future CO2 emissions in the atmosphere).
Carbon offsets are useful while infrastructure and industry make the transition to electric mobility, alternative energy and the new technology necessary for low- and zero-carbon lifestyles. Where there are no viable alternatives in the short term, an offset scheme promises to cancel out the emissions in one place with emission-reducing actions in another.
The era of carbon offsets is drawing to a close. Buying carbon credits in exchange for a clean conscience while you carry on flying, buying diesel cars and powering your home with fossil fuels is no longer acceptable or widely accepted. Carbon credits are increasingly coming under fire for […]
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