Companies like Unilever, Marks & Spencer, Microsoft, and General Motors have
all used voluntary carbon markets to drive down emissions and raise awareness at the same time.
For example, the WBCSD is developing its Natural Climate Solutions project to
use the voluntary carbon market to direct funding to land - use projects that store carbon.
Not exact matches
Several other nations are not be far behind, including Costa Rica, the Republic of Korea and most recently South Africa — which could consider allowing offsets of
voluntary origin for
use under its proposed
carbon tax.
On Thursday, the Obama administration announced a «comprehensive approach» to enlist American farmers in a
voluntary effort to cut greenhouse gases —
carbon dioxide, methane, and nitrogen oxides — through programs and incentives designed to reduce fertilizer
use, encouraging tree planting, and turn poop into power by capturing methane.
Landowners who restore peat soils can
use this methodology to document and sell
carbon credits on the
voluntary carbon market.
Therefore those companies who
use cheap offsets either
voluntary or sanctioned by State governments will wangle themselves
carbon tax deductions for those offsets.
The International
Carbon Reduction and Offset Alliance (ICROA) has become synonymous with best practice in the
voluntary carbon market and all members only
use offsets verified under the most widely respected compliance and
voluntary standards.
We helped to develop the
voluntary carbon market — from its foundation, to writing methodologies now
used as standard around the world, to measure and verify
carbon reductions.
We're pleased to report that new offset projects are already in the development pipeline utilizing the four new
voluntary carbon offset methodologies approved by ACR in 2012 including a first - of - akind methodology for emissions reductions from Restoration of Degraded Deltaic Wetlands, a rigorous and pragmatic methodology for Reduced
Use of Fertilizer on Agricultural Crops, a ground - breaking methodology for Truck Stop Electrification that offers air quality co-benefits, and long - awaited REDD methodology modules.
The study
uses $ 4.4 per tonne as its lowest estimated price — based on the average historical price of a
voluntary carbon offset developed under the American
Carbon Registry (ACR).
Now, I know what I said before — about
voluntary carbon offsets being an enabling mechanism more than an incentive, and that's true, but one way they enable companies to reduce is to create an «internal price» on
carbon — a price companies can
use to push greenhouse - gas emissions into the corporate consciousness.
With the EU highly unlikely to
use offsets unless government agrees to deepen a proposed
carbon reduction target beyond 40 %, the main source of demand for forest offsets in the short term might be restricted to California's
carbon reduction scheme and the
voluntary carbon market.
Using a choice experiment conducted among more than a thousand Swiss consumers, we analyze the individual demand for
voluntary carbon offsets in different contexts.
Over the past three years, the EPA's corporate partners have increased their
voluntary green power commitments by more than 30 percent, while the list of Fortune 500 members grew by 20 percent, totaling 61 companies that buy more than 7 billion kilowatt - hours (kWh) of green power, the equivalent environmental impact of avoiding the annual
carbon - dioxide emissions from electricity
use of nearly 644,000 average American homes.
Article 6 of the Paris Agreement allows for the
voluntary use of
carbon markets to offset emissions.