Carbon Offsetting Benefits $664 Per Credit, Study Says
Offsetting 1 metric ton of carbon dioxide brings an additional $664 in benefits to the communities where carbon reduction projects are based, according to research by Imperial College London in partnership with the International Carbon Reduction and Offsetting Alliance.
This meaning that businesses that are voluntarily offsetting their emissions are having a bigger impact than perceived, the authors say.
The study also says that businesses with carbon offsetting programs report corporate benefits such as enhanced brand image, engaged employees and market differentiation.
The research demonstrates how purchasing carbon credits creates economic development opportunities, aids environmental conservation, helps deliver health benefits and improves water resources, among other benefits.
In July, United Airlines launched a business tool for corporate cargo customers to track and offset the emissions associated with their air freight accounts.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- ERC: Electricity Price Trends for the Week Ending September 24
- Research Makes Gains on Combined Energy Systems, Heat Exchangers
- School Projects in MA, CO
- Pattern Energy Completes 200 MW Logan’s Gap Wind Facility in Texas
- Marine Corps Upgrading 37 Buildings at Camp Lejeune, N.C.
- Photovoltaic Projects in TN, CT
- California Pushing Solar to Economically Disadvantaged Communities
- QM Power Introduces Efficient Motor