While all carbon credits are measured in tonnes or kilograms of CO2, not all credits are created equal. And when given the choice, always go for quality over quantity.
Picture this:
Scenario 1:
You find some cheap junk carbon offsets that cost €2 per metric ton, but they have little to no positive impact on the climate. You calculate your footprint to be 10,000 kg per year, so it would only cost you €20 a year to "offset" it! Amazing, right? At this price, you decide to offset 200% of your footprint and, with all the money you've saved, go buy a new car and book round-trip flights around the world!
Scenario 2:
Now, let's look at proper carbon removal, which removes CO2 from the atmosphere and stores it away for a long time. These high-quality projects cost €500 per metric ton. So, with a 10,000 kg carbon footprint, it would cost you €5,000 per year to compensate for it. Ouch... At this price, you decide to start by removing 1,000 kg of your footprint with a monthly subscription of €45. You also commit to reducing your footprint to 7,000 kg next year, aiming to buy 2,000 kg of carbon removals as you go. You'll keep lowering your footprint and increasing your removals until you reach carbon neutrality after 4 years, with a footprint of 3,500 kg and removals to match.
Sure, you're free to go for Scenario 1 (though you’ll have to find another platform for that), but if you actually care about making an impact, we highly recommend taking the second path.
There are huge differences between different carbon offsetting methods and projects. Typically, the biggest price gap is between reduction and removal projects, and for good reason. Removing CO2 that’s already in the atmosphere is a lot harder than preventing emissions in the first place—and also a lot more impactful.
Even within carbon removal projects, there are several key factors that separate the good from the great. One major example is the duration and stability of storage. If the carbon that's captured is likely to be re-released back into the atmosphere in a year, well... that makes the removal pretty much useless, doesn’t it?