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CARBON OFFSET CREDITS

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Under the 2015 Paris Agreement, nearly 200 countries have endorsed the global goal of limiting the rise in average temperatures to 2.0 degrees Celsius above preindustrial levels, and ideally 1.5 degrees. Reaching the 1.5-degree target would require that global greenhouse-gas emissions are cut by 50 percent of current levels by 2030 and reduced to net zero by 2050.

 

The UAE was the first country in the Middle East to sign and ratify the Paris Agreement, commit to an economy-wide reduction in emissions and announce an initiative to achieve net zero by 2050. In September 2022, the UAE updated its second nationally determined contribution (NDC), aiming to curb carbon emissions by 31 percent by 2030, up from its previous 23.5 percent target. The Environment Agency – Abu Dhabi (EAD) and Department of Energy (DoE) are leading a fundamental shift in Abu Dhabi's energy mix to achieve significantly lower carbon emissions in the Emirate.

 

The challenge is significant: net-zero commitments proliferate, and businesses will be under pressure to deliver on their promises. More and more companies commit to innovate, finance, and install the technology the world needs going forward and real steps are undertaken globally to reach net-zero.

 

Unfortunately, the current pace of change is far behind the pace we need. Emissions levels remain too high. By 2030, global carbon emissions must be cut in half, yet between 2009 and 2019, average emissions rose by 1.5% per year, while the rate of decarbonisation is still too slow.

Even implementing well-intentioned or rigorous emissions reduction strategies, almost all businesses are left with a carbon footprint they need to offset.  Carbon offsetting is thus emerging as one of the ways to reduce emissions as it allows businesses to compensate for the emissions that they produce by reducing carbon dioxide and other greenhouse gases elsewhere. This is accomplished by financially supporting projects that reduce carbon dioxide either by capturing existing CO2 or preventing new emissions from happening.

 

While carbon offsetting is compulsory in some high polluting industries, in certain parts of the world, countless organizations are now choosing to voluntarily offset their emissions as well. In fact, corporate demand for carbon credits has increased significantly in the past two years and growth is set to continue. There is no doubt that the number of organizations compensating for their carbon emissions is increasing fast. 

While recognizing that carbon offsetting is not a silver bullet for climate change, experts agree that it is a vital step in the net-zero journey.

 

Companies are no longer asking whether but how they should offset their carbon emissions.

 

If carbon offsetting is one of the routes your company may be considering, EcoBalance will help meet its ambitious climate goals and navigate the transition to a net-zero future by offering rigorously evaluated, high-impact carbon offsets from innovative sustainability projects across the globe, including forestry and conservation, wetland restoration, renewable energy projects, waste to energy projects, as well as community projects that help to introduce energy-efficient methods or technologies to undeveloped communities around the world. Whether you’re looking to offset historical emissions or develop an offset portfolio that meets your specific organizational needs as well as specific requirements for vintage, geography, project technology, and other attributes, we’re ready to meet you wherever you are in your journey to net zero. 

 

We work directly with third party-certified project developers to give you access to projects with a host of co-benefits that support local communities, protect biodiversity, and preserve scarce resources. Each project is unique, from the development phase to implementation and credit issuance and holds compelling stories that are meant to be shared with purchasers, investors, and key stakeholders. You will receive ready-to-use images and content for your website, social media, and other marketing materials that help connect your business to the projects, showcasing how they reduce carbon and go beyond with meaningful co-benefits.

 

Credits are traceable, tradable, and finite. All credits are certified by recognized Registries, including Gold Standard and Verified Carbon Standard. We offer full transparency with respect to credit pricing and ensure that once a project is bought and retired, it is digitally fenced off so no one else can purchase it. Registry serial numbers and documentation for the credits purchased will be provided to ensure you can disclose your reduced impacts with confidence.

 

We can help you offset some or all of your emissions to meet your exact sustainability goals. We can even help quantify your emissions if you aren’t sure how much to offset. 

Contact

For more information on Carbon Offsets and how we would be able to help you achieve your goals, please get in touch!

info@ecobalancelimited.com

Tel: +971 50 278 9759

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