Carbon Footprint
A carbon footprint is "the total set of greenhouse gas (GHG) emissions caused by an organization, event or product" [1]. For simplicity of reporting, it is often expressed in terms of the amount of carbon dioxide, or its equivalent of other GHGs, emitted.
An individual, nation, or organization's carbon footprint can be measured by undertaking a GHG emissions assessment. Once the size of a carbon footprint is known, a strategy can be devised to reduce it, e.g. by technological developments, better process and product management, changed Green Public or Private Procurement (GPP), Carbon capture, consumption strategies, and others.
The mitigation of carbon footprints through the development of alternative projects, such as solar or wind energy or reforestation, represents one way of reducing a carbon footprint and is often known as Carbon offsetting.
The Kyoto Protocol defines legally binding targets and timetables for cutting the GHG emissions of industrialized countries that ratified the Kyoto Protocol. Accordingly, from an economic or market perspective, one has to distinguish between a mandatory market and a voluntary market. Typical for both markets is the trade with emission certificates:
Nations which have failed to deliver their Kyoto emissions reductions obligations can enter Emissions Trading to purchase CERS and ERUs to cover their treaty shortfalls. Nations and groups of nations can also create local emission reduction schemes which place mandatory carbon dioxide emission targets on entities within their national boundaries. If the rules of a scheme allow, the obligated entities may be able to cover all or some of any reduction shortfalls by purchasing CERs and ERUs through Emissions Trading. While local emissions reduction schemes have no status under the Kyoto Protocol itself, they play a prominent role in creating the demand for CERs and ERUs, stimulating Emissions Trading and setting a market price for emissions.
In contrast to the strict rules set out for the mandatory market, the voluntary market provides companies with different options to acquire emissions reductions. A solution, comparable with those developed for the mandatory market, has been developed for the voluntary market, the Verified Emission Reductions (VER).
By investing in the environmental land project GSA offer you are helping to reduce CO2 but with the added benefit of making a strong financial return.
Alternatively, you can purchase Carcon Offset credits from GSA, which are linked to accredited offset schemes. A certificate is also provides to verufy the details. This is available to individuals and companies.
Please call us on 01204 592698 or email graham@gsacomms.com |
