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For many companies that are taking action in response to the increasingly urgent call for significant global greenhouse gas emission reductions, climate leadership is about being carbon neutral. However, reaching zero emission status is not always achievable through in-house actions alone. This article explores how carbon credits and renewable energy certificates do much more than "bridge the gap" between internal efforts and carbon neutrality.
Carbon credits can help businesses to reach their climate targets immediately and deliver much needed finance to low carbon development in other parts of the world. Climate leaders are using these environmental instruments in parallel with internal reductions as part of their climate action plan and to bridge the gap towards stretching and impactful reduction targets. In fact, recent research by Ecosystem Marketplace found that companies that included offsetting in their carbon management strategy typically spent about 10 times more on internal emission reduction activities than companies that didn’t offset.
As with carbon credits, companies can customise their selection of renewable energy certificates according to the type or project, location and cost. It is this ability to build a customised portfolio of environmental instruments from global projects according to business operations, geography, finance and long-term sustainability strategy, which enables businesses to engage their employees, customers and investors and see greater value from their investment.
Click here to read the full article on The Crowd, including case study examples from Sky, Elopak and UKCloud.