Carbon offset

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Carbon offset

A system intended to equalize carbon production around the globe by trading greenhouse gas emissions—typically produced through fossil-fuel consumption—for environmentally friendly actions, such as planting trees and using clean energy sources. For example, a factory or production facility may not be able to reduce its own carbon footprint any further through its own actions, so it may voluntarily purchase credits for another party to offset their actions. The goal of carbon offsets is to attain a carbon-neutral overall effect.
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References in periodicals archive ?
Net carbon neutrality implies cutting emissions by switching to alternative energy sources and fuel-efficient technologies, as well as offsetting greenhouse gas emissions through measures such as carbon capture and planting trees.
"The movement is also gaining momentum locally with larger strikes every month and representatives of UKSCN North East meeting with the leader of Newcastle council, Nick Forbes, demanding real action towards the council's goal of carbon neutrality by 2030 and to place climate justice at the top of the council's priority.
Commenting on the effect of such policy changes, an official told the inquiry: "Acceleration of the uptake of electric vehicles will put back the date for carbon neutrality."
SABIC is among the first in the global chemical industry to achieve the PAS 2060 carbon neutrality specification standard, established by the British Standards Institute (BSI).
The new battery-electric bus fleet will reduce Bay Area emissions and support SFO's goal of carbon neutrality by 2021 while cutting its bus operating costs.
As it works towards offsetting its carbon emissions and achieving carbon neutrality by 2022, Ayala Land, Inc.
International Resource News-March 25, 2019--Schneider Electric receives overall commitment to carbon neutrality at 2019 Climate Leadership Awards
The second lesson is that because honest and deep carbon cuts are staggeringly hard, achieving carbon neutrality anytime soon is an empty ambition for almost every country.
Aimed at accelerating the transition to carbon neutral shipping, Maersk announced last month that it has a goal to reach carbon neutrality by 2050.
Through this initiative, NED University is aiming to become a live lab for Carbon Neutrality, and said the NED University VC as he invited industries to join hands in the partnership,' he added.