In a new report, Oxford academics continue to recognise the vital role of voluntary carbon offsetting as a means for organizations to take full and immediate responsibility for their carbon emissions.
This paper is part of a growing scientific consensus about the central role of offsetting emissions through high quality projects, in order to tackle the climate crisis.
We agree it is crucially important that only the highest quality carbon credits are used for offsetting, both for removal and avoidance projects, in line with ICROA guidance.
As project developers ourselves, we are pleased to see it highlights the need to think carefully about the types of projects organizations choose to support through carbon offsetting and that it explains the need for organisations to invest in long term programmes, giving project developers the certainty they need to scale existing projects and develop new ones.
However, climate science demands that we reduce emissions as quickly as possible, as well as taking CO2 out of the atmosphere.
So, whilst we understand the paper’s desire to move towards offsetting through carbon removal projects in the long term, we would stress the need for both carbon avoidance and removal projects in the short term – it is both/and, not either/or. And ultimately, if we focus only on removal projects, we will end up having to remove emissions we could have avoided.
Carbon avoidance projects make immediate and measurable reductions to global emissions. And established projects, such as those protecting standing forests, can sequester emissions more quickly than new projects – capturing and storing carbon today, through this crucial transition period.
We need to do everything we can, as quickly as we can, if we are to keep global warming below 1.5°C. What is clear from this, and other recent papers, is that carbon offsetting (which is an essential source of finance for both avoidance and removals projects) will play a key part in meeting this challenge.
Les toutes dernières Insights de
Climate Impact Partners
FR Test insight article
Testing all plug-ins in 2 column format for French
Pour en savoir plus
FR - Innovation test insight article
As carbon markets grow and innovate how can Web 3.0 be harnessed in a positive way to build scale and impact?
Pour en savoir plus
Measuring carbon reductions in Kenya: An interview with Sally Gakii
Hear from one of our technical experts working on the Aqua Clara project in Kenya.
Pour en savoir plus
