Carbon Assets

    Carbon avoidance is achieved by a making a choice and commitment for a cleaner future.  Commiting to the prevention of emissions is a decision, to either avoid using a polluting asset or preventing the emissions from the beginning. Making a decision to transition to a clean future means preventing the action that causes the emissions.  For Coal, it means forbearance of extraction, by doing so, the carbon that would have been released during extraction and burning is avoided. This approach can be a powerful tool in mitigating climate change, as it directly reduces greenhouse gas emissions.

     

    In addition to environmental benefits, carbon avoidance through non-production of active oil reserves can also offer economic opportunities. In some cases, the value of leaving the oil in the ground can exceed the value of extraction. This is particularly true for reserves that are difficult or expensive to extract, or those that are located in areas where there is limited infrastructure for transporting the oil to market.

    There are also other economic benefits that can arise from carbon avoidance through non-production of active oil reserves. For example, the creation of carbon markets and carbon pricing mechanisms can provide revenue streams for companies that choose to leave oil in the ground. By receiving payments for carbon credits, these companies can offset the financial losses associated with non-production. Additionally, the development of renewable energy projects in areas where oil reserves would have been extracted can create jobs and economic growth, further offsetting the costs of non-production.

    Overall, carbon avoidance through non-production of active oil reserves is a valuable approach for mitigating climate change while also creating economic opportunities. By choosing to leave oil in the ground, companies can reduce their carbon footprint, protect the environment, and potentially generate new revenue streams.

    How do Organizations Create Cabon Credits?

    One carbon credit certification is the equivalent of one metric ton of CO2
    Organizations earn carbon credits in three major ways.

    Avoid

    Projects that avoid emitting greenhouse gases altogether

    Reduce

    Projects that decrease the volume of greenhouse gases emitted or reduce demand for energy

    Ex: Building wind forms, developing energy efficient building

    Remove

    Projects that eliminate greenhouse gases directly from the atmosphere

    Ex: Afforesation, reforesation, and wetland management.