The world of carbon offsets and carbon offset programs can be quite complex and intimidating. So if you're looking for the best carbon offset programs for 2023 but don't know your options, this article will guide you. You'll learn important terms, what carbon offset program you should choose, and why investing in this space is important.
What is a carbon offset?
First things first. We need to define what carbon offset means.
Essentially, this is a credit purchased by an individual or entity to offset their carbon emissions or footprint. One carbon offset generally represents one tonne of CO2 reduced or removed. And so carbon compensation means financial support for a project that can reduce emissions. Carbon offsets they are produced by companies that remove CO2 from the atmosphere. These offsets are then sold to companies that emit (or have emitted) CO2 into the atmosphere. (Carboncredits.com, Jennifer L)