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EXPLAINER: The Difference Between Carbon Offsets and Carbon Credits -ENERGYminute


English Español 简体中文 हिन्दी Português
These translations are done via Google Translate

by Aaron Foyer

Courtesy of ENERGYminute  

See more articles and infographics from ENERGYminute HERE

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Carbon Offsets

DESCRIPTION

Carbon offsets are projects that cancel out carbon produced from the removal of greenhouse gas emissions from the atmosphere

TYPES OF INITIATIVES

Projects which avoid releasing emissions into the atmosphere: ex. Renewable energy or carbon capture, storage, and utilization (CCUS)

Projects which remove emissions from the atmosphere: ex. Reforestation or Direct Air Capture

PRODUCTION

Created from third-party certified projects that pull greenhouse gas
emissions from the atmosphere. The offsets are then sold to companies that
emit.

TRADING MARKET

Voluntary carbon market

BUYERS OF OFFSETS

GLJ
GLJ

Corporations and individuals

Carbon Credits

DESCRIPTION

Carbon credits are instruments that give the right to emit carbon into the
atmosphere and results in a reduction in greenhouse gas emissions released to the atmosphere

TYPES OF INITIATIVES

Carbon taxes: Companies pay for each tonne of CO emitted at a set price

Emissions trading schemes: A limit or cap is placed on the right to emit within an area and companies trade those rights within that area

PRODUCTION

Generally “created” by the government, which can limit emissions released by placing a cap on tons of CO that can be emitted.

TRADING MARKET

Carbon compliance market

BUYERS OF CREDITS

Usually just corporations



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