Why do businesses, organisations and Individuals buy Carbon Credits?
Each year up to 400 million tonnes of carbon is eliminated by projects financed in part through the issuing of carbon credits. These credits are used by businesses, organisations and individuals around the world to offset their unavoidable emissions and help achieve their carbon reduction targets. Businesses, organisations and individuals can eliminate their carbon footprint and become Carbon Neutral, or set CO2 reduction targets to achieve over time.
So, what does carbon neutral mean?
BioPak has been fully Carbon Neutral since 2010. This means that BioPak has eliminated its carbon footprint through emissions reduction strategies and offsetting unavoidable emissions by purchasing carbon credits. Biopak has achieved formal recognition of this achievement through the Carbon Reduction Institutes’ NoCO2 Certification Program and therefore can offer all of its’ products as Carbon Neutral. Consequently, BioPak has eliminated its negative impact on the environment.
Australian businesses and consumers are increasingly sourcing products and services from overseas. China, one of Australia’s major trading partners, is currently suffering from dangerous levels of pollution in its big cities and there are now 'Environmental Police' in place in Beijing enforcing new environmental protection measures.
Recently BioPak did a review of their carbon offsetting program. They sought projects that would;
- Match their corporate, social and environmental responsibility values,
Provide co-benefits to local communities and the environment where the Projects ae located,
Ensure an overall one tonne of CO2 equivalent reduction for each carbon credit purchased, and
Provide immediate benefit to the climate.
The project contributes to sustainable development in China by;
- Reducing the emission of harmful pollutants, thereby improving the health of the local population and reducing the number of air pollution related deaths,
Improving local environmental conditions,
Driving China towards a cleaner form of energy mix and meeting its renewable energy targets,
Stimulating the local economy through large-scale investment,
Generating income for the local population by creating employment positions, and
Demonstrating and promoting renewable wind energy technology.
The Carbon Reduction Institute (CRI) is a profit for purpose business. We are committed to helping Australian businesses and individuals take real and effective action to eliminate their impact on climate change. We provide businesses with a straight forward, low cost and robust process to eliminate or reduce their CO2 emissions.
The Wulabo Wind Power Project is expected to generate 95,430 MWh. And about 89,080MWh of wind electricity will be commercially delivered to the Northwest power grid annually. By replacing the fossil fuel fired power generation in the grid, the wind power project activity accrues 83,468tCO2 of the annual CO2 emissions reductions. This is equivalent to emissions generated by 11,958 average homes in NSW per annum.
By Garth Mulholland, The Carbon Reduction Institute