What is a carbon footprint?
What are carbon offsets?
- Voluntary carbon offsets are purchased by individuals or organisations that voluntarily choose to offset their carbon emissions. These offsets are often part of corporate social responsibility (CSR) initiatives or personal commitments to sustainability. For example, a company might invest in voluntary offsets to market itself as "carbon neutral" or to appeal to environmentally conscious consumers.
- Compliance carbon offsets are used to meet regulatory requirements within cap-and-trade systems, such as the European Union Emissions Trading System (EU Emission Trading System). These offsets are mandatory for companies that exceed their emission caps, helping them comply with legal obligations and avoid penalties.
- Carbon avoidance offsets aim to prevent greenhouse gases from being emitted into the atmosphere. This can include projects that protect forests from deforestation or invest in renewable energy solutions, thus avoiding the release of carbon dioxide that would have occurred otherwise.
- Carbon removal offsets, on the other hand, focus on actively removing carbon dioxide from the atmosphere. These include methods like reforestation, where trees absorb CO₂, or advanced technologies such as direct air capture, which extracts carbon from the air and stores it underground.
How do carbon offsets work?
How does buying carbon offsets work?
What types of emission reduction projects are out there?
How to choose a carbon offset project to support
How to use GreenPerk to better understand your company’s carbon footprint
1. GreenPerk
All TravelPerk users and clients can now understand their business travel footprint. They can opt-in to offset the carbon emissions of all of their business trips by investing in VERRA-accredited projects focusing on biogas capture, forestry and renewable energy.
2. GreenPerk API
- Company X has set an objective to reduce their travel-related carbon footprint.
- They log into the GreenPerk API dashboard and discover that 10% of their business trips are between London and Paris, and 100% of those trips are taken by plane. That comes to be around ~0.9% of the cost of their entire business travel!
- With GreenPerk API, Company X determines that they can reduce their carbon emissions by almost 75% if they implement a policy that gets their business travellers to take the Eurostar train instead of a flight.
- Company Y frequently books trips between London and New York.
- By looking at their dashboard, they discover that travellers flying with one airline emitted more carbon than travellers flying with another airline.
- They can now start booking all their travellers onto the more carbon-efficient airline and reduce their carbon footprint by about 22%.