What is a Carbon Offset?
A carbon offset is “a reduction in emissions of greenhouse gases in one area to compensate for emissions made elsewhere”. An example of a carbon offset program is when one party reduces their production of greenhouse gases, and another party purchases the carbon credit to that reduction, therefore offsetting their own emissions.
Although the party purchasing the credit is not directly reducing their own emissions, purchasing carbon credits encourages more companies to engage in carbon reduction projects and continue to impact the environment in a positive way.
Carbon offsets are typically measured in tonnes of Co2 and have positive, tangible impacts on the environment. There are many benefits associated with a carbon offset program. The party directly reducing greenhouse gas emissions benefits economically from the sale of credits. The purchasing party benefits because they can claim their energy use is carbon neutral. They also benefit because it may be less expensive to offset their carbon use rather than reducing emissions directly. The most important impact is one that both the buyer and the seller have in common: the positive environmental impact is collectively shared between everyone and everything living on earth.
At Summitt Energy, customers have the option to turn their home into a green home. The EverGreen program allows customers to offset 100% of their greenhouse gas emissions. Summitt retires 2.2 tonnes (the annual average carbon emissions produced by using electricity in a Canadian home) worth of credits on behalf of an EverGreen customer, to offset the emissions of their home.
Carbon offsets are very important for the environment because greenhouse gases trap warm air within our atmosphere and cause global warming. By reducing greenhouse gases and participating in the EverGreen program, you are making a positive impact on a large issue affecting all aspects of our lives.