Carbon Offsetting Calculator | How It Works & Process Of Usage

Finance an environmental project that minimizes greenhouse gas (GHG) gases into the environment to offset your carbon footprint. It is most commonly employed to achieve carbon neutrality, which is defined as the theoretical point of balance between the concentration of carbon dioxide (CO2) produced by action and the CO2 reduced as a result of the financed project.

What is a carbon offset, and how does it work?

A carbon offset is a certificate that represents the decrease of one metric tonne (2,205 lbs) of carbon dioxide emissions, which are the primary cause of global warming. For terrapass’s emission reduction programs, carbon offsets are a significant source of funding. In fact, when Terrapass chooses offset projects to sponsor, it follows the rules of additionality, which means that these programs would not be developed or operated without the funds raised through offset sales. Carbon offsets are quite easy in theory, despite their complexity in practice.

If you create a project that lowers carbon dioxide emissions, each tonne of carbon dioxide emitted equals one carbon offset. These offsets can be sold to help fund project development. There are a plethora of carbon reduction programs to choose from. An anaerobic digester, for example, can be installed on a dairy farm to catch and eliminate methane that would otherwise be emitted when animal dung decomposes. However, installing and maintaining such anaerobic digestion projects can be costly. A dairy farm can sell the emission reductions in the form of carbon offsets to fund the building and operation of a digester plant.

What is the process of using a carbon offset calculator?

A carbon offset calculator employs standardized emissions variables and methods set by credible national and worldwide agencies to determine your organization’s carbon footprint.

Because the carbon intensity of energy generation, for example, varies over time and by location, data from local authorities is also utilized. You must, however, submit all relevant input data.

To begin, establish the boundaries; which components of the company should be included in the footprint? According to your environmental and economic aims, you should account for all Scope 1 and 2 emissions, but only material Scope 3 emissions should be included.

Gather information from all emission sources within the boundaries you’ve set. It may be required to estimate activities that are difficult to measure. Employee commuting, for example, can be determined by a survey; while not everyone will respond, the available data can be used to create an average per full-time employee.

When you’ve gathered all of the necessary data, use the carbon offset app to calculate your carbon footprint.

Calculation principles

For a particular travel distance, the carbon offsetting calculator calculates the amount of CO2 emissions emitted per passenger by an airplane. Also included are nitrogen compounds and aerosols, which are transformed into CO2. The figure is based on average consumption data for common short- and long-haul planes. If you’re flying economy, business, or first class, the calculator takes it into account as well.

What number of carbon offsets should I purchase?

The carbon offsetting calculator will calculate your carbon footprint, or how many tonnes of CO2 your company emits each year.

The footprint can be used as a starting point for decreasing your emissions and as a metric to track your progress. It will assist you in determining which activities are the most responsible for emissions, allowing you to target your resources where they are most needed.