Companies that offset emissions also reduce emissions faster
Recent Ecoystem Marketplace research suggests that companies that offset emissions are also leading the way in reducing emissions.
๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐๐ต๐ฎ๐ ๐ผ๐ณ๐ณ๐๐ฒ๐ ๐ฒ๐บ๐ถ๐๐๐ถ๐ผ๐ป๐ ๐ฎ๐น๐๐ผ ๐ฟ๐ฒ๐ฑ๐๐ฐ๐ฒ ๐ฒ๐บ๐ถ๐๐๐ถ๐ผ๐ป๐ ๐ณ๐ฎ๐๐๐ฒ๐ฟ ๐
A commonly used argument is that companies should focus all their attention on reducing emissions and maybe, in some distant future, look into offsetting. Sounds logical, as your own operations seems the first place to look for change.
However, recent Ecoystem Marketplace research suggests that ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐๐ต๐ฎ๐ ๐ผ๐ณ๐ณ๐๐ฒ๐ ๐ฒ๐บ๐ถ๐๐๐ถ๐ผ๐ป๐ ๐ฎ๐ฟ๐ฒ ๐ฎ๐น๐๐ผ ๐น๐ฒ๐ฎ๐ฑ๐ถ๐ป๐ด ๐๐ต๐ฒ ๐๐ฎ๐ ๐ถ๐ป ๐ฟ๐ฒ๐ฑ๐๐ฐ๐ถ๐ป๐ด ๐ฒ๐บ๐ถ๐๐๐ถ๐ผ๐ป๐. The report analyzed 7,415 companies and found that companies that offset emissions are:
๐น 1.8X more likely to be decarbonizing year-over-year; and ๐
๐น The median voluntary credit buyer is investing 3X more in emission reduction efforts within their value chain.๐ฐ
Translating this research to Cawa's work with clients is quite easy: carbon offsetting puts a price on your emissions. ๐ท
Your emissions are translated from an abstract 'tonnes of CO2' number into a real-world cost. An investment in reducing emissions therefore immediately decreases the cost for offsetting.
So, let's get to work and finance great carbon removal projects, while actively reducing carbon emissions! ๐
