Here are some frequently asked questions and answers
Carbon is a chemical element. Carbon is found in many greenhouse gases.
Carbon dioxide (CO2) is a chemical compound. It is created in all combustion. Carbon dioxide is the most significant of the greenhouse gases produced by humans.
The carbon footprint tells you how much greenhouse gases are generated during the life cycle of a product or activity.
Carbon footprint management is part of responsible operations. Emissions from the company’s operations can be reduced once the carbon footprint has been calculated. In general, reducing emissions also makes operations more efficient, leading to financial savings. Through the calculation of the carbon footprint, it is also possible to wake up to other development needs. In addition, consumers have a growing desire to make ecological choices, enabling businesses to respond to these changing needs.
Calculating your carbon footprint has a great benefit to a company. For a company to reduce its emissions, its carbon footprint must be reduced. As a result of the calculation, the company receives an accurate report on the impact of different business segments on the carbon footprint and can thus identify the most significant reduction targets. This creates opportunities to make cuts to emissions, which usually brings savings to the company as well. In addition, the importance of carbon footprint information continues to grow among investors and consumers. The carbon footprint can be calculated as needed for a product, function, or the entire company.
The carbon dioxide equivalent (CO2-eq. or CO2e) is a quantity that describes the global warming effect of emissions. Because different greenhouse gases heat the climate differently, the carbon dioxide equivalent takes these differences into account by calculating the different effects on the same unit.
Carbon neutrality means that the net amount of carbon dioxide (CO2) entering the atmosphere is reduced to zero. Carbon neutrality often does not mean that no emissions occur, but carbon neutrality is achieved through emission reductions and compensation for unavoidable emissions.
The carbon unit corresponds to one additional ton of carbon dioxide equivalent (t CO2e) produced in the compensation project. Organizations can buy and use carbon units to offset their emissions. Purchased carbon units are removed so that they do not end up in the system and cause double counting.
The price of Green Carbon’s carbon units generated from domestic carbon sinks is € 28. The price of foreign coal units varies between about 10 € and 30 €.
Climate change means a long-term significant change in the climate, due to an increase in the global average temperature of the climate. The global temperature has already risen by about 0,8 Celsius since the industrialization of the 1880s and will continue to rise unless action is taken at both the individual and corporate levels.
Global warming means an increase in the average temperature of the earth’s lower atmosphere and the seas.
Climate change is the result of rising global average temperatures. The temperature rise is due to increased greenhouse gases, the most significant of which is carbon dioxide.
Human activities, for example through the burning of industry or fossil fuels, contribute to climate change. Human activity changes the number of greenhouse gases and small particles in the atmosphere, as well as cloud cover. Greenhouse gases and small particles convert into incoming and reflected solar radiation on the planet, which can have a warming or cooling effect on the climate. With industrialization, human activities have had a warming effect on the climate.
Release of greenhouse gases into the atmosphere. The most significant greenhouse gases of all are carbon dioxide, methane, and nitrous oxide.
Emissions fall into three different categories. Direct emissions (Scope 1) are emissions that result directly from activities. Indirect emissions (Scope 2), on the other hand, are emissions caused by the use of energy and electricity. Value chain emissions (Scope 3) are emissions from the end-use of products sold and the acquisition of goods and services.
There are many different options for reducing emissions. The cheapest way is to save energy and increase energy efficiency. Indeed, these are often the most significant emission reduction targets observed as a result of the carbon footprint calculation. Making emission reductions is a significant part of a company’s environmental performance. However, in addition to emission reductions, the carbon released into the atmosphere must also be sequestered through carbon sinks. Through our carbon services, we offer companies the opportunity to take relevant climate action to curb climate change.
Emissions can be reduced, for example:
- Reducing energy consumption – for most organizations, energy use is by far the biggest cause of the carbon footprint, often up to 50%.
- By recycling more and thus causing less waste to landfill.
- Reducing air travel – commuting can be a significant part of an organization’s carbon footprint.
- Reducing fuel consumption.
- Developing sustainable acquisition – some organizations have a large share of their carbon footprint due to embedded carbon emissions in their supply chain.
Emission compensation fund projects around the world that help reduce CO2 emissions in a measurable and verifiable way. These projects include, for example, renewable energy production, improving energy efficiency, reducing deforestation, and planting trees. Compensation projects that comply with the standards are regularly inspected to ensure that emission reductions, i.e., carbon units, are generated. Once these carbon units are achieved and verified, organizations, for example, can purchase and use them to compensate for unavoidable emissions.
Emission compensation is an important environmental act to curb climate change. By compensating for emissions, a company can strive for carbon neutrality in a product or activity. Carbon neutrality is already a significant competitive advantage and a differentiator in the eyes of consumers.
The compensation units are the result of fertilization cooperation between Green Carbon and Finnish landowners. With the right kind of fertilization and good forest management, tree growth is increased, resulting in new carbon sinks.
Efforts should be made to reduce emissions as much as possible, but at present, it is not possible to reduce emissions to zero globally. For example, renewable electricity is not enough to meet global energy demand and the number of carbon-free modes of transport falls far short of the needs of international trade. Thus, despite the emission reductions, there are areas where emissions will inevitably arise – there is not as much opportunity to influence indirect emissions, and then compensation is a good way.
Increasing CO2 emissions in the atmosphere is an international problem. There are no boundaries in the atmosphere, meaning that when carbon dioxide enters the atmosphere, it spreads and affects the global climate. Geographically, therefore, it does not matter where the project from which the coal units are purchased is located.
Reduction or elimination of greenhouse gases as a result of measures. Additionality is one of the criteria for official compensation.
Afforestation means reforestation.
Forests are a key factor in the fight against climate change, as they effectively sequester carbon dioxide from the atmosphere and release oxygen into the air. Thus, they clean the air of carbon dioxide, i.e., they act as carbon sinks.
Through our cooperation, we map out suitable ways for your forest to increase its growth and thus generate new carbon sinks. Through measures in favor of climate work, the landowner has the opportunity to earn additional compensation outside the normal forest and agricultural income streams based on the measures taken.
Climate change is a complex and global phenomenon that requires the input of all actors in society to curb. Indeed, companies now have the opportunity to look at the environmental impact of their operations, minimize and compensate for them, and thus lead the way in their industries.
Carbon sequestration refers to the removal of carbon dioxide from the atmosphere. Forests are a key factor in the fight against climate change, as they effectively sequester carbon dioxide from the atmosphere and release oxygen into the air. Thus, they clean the air of carbon dioxide, i.e., they act as carbon sinks.
Carbon sequestration removes carbon dioxide released into the atmosphere through emissions. The carbon dioxide in our atmosphere has increased significantly with population growth and human activity. Increased atmospheric carbon dioxide, along with other greenhouse gases, contribute to an increase in atmospheric temperature.
Yes. The landowner will be paid a contractual payment based on the measures specified in the coal plan, their schedule, and the effects of the measures.
One of the conditions for fulfilling a carbon contract with a landowner is that the landowner undertakes to manage and fertilize the forest by the contract. If for reasons beyond the control of the parties, such as the damage caused by the storm, there are no longer grounds for the validity of the contract, the contract may be terminated regardless of its duration.
The intentional deterioration of the conditions for the implementation of the project results in the termination of the contract, the obligation to repay the received payment, and the obligation to pay a payment for the breach of contract.
The sale is possible, but we must be notified of the change of ownership. Compensation will also be paid to the new owner after the trade date.
Operation by the ISO 14064 standard means a kind of quality certificate that covers the various stages of the whole process, from landowner contracts to the management of units sold to companies. An audit, i.e., an inspection of operations, ensures that all parties have implemented the agreed issue to the extent planned. The ISO 14064-2 standard is applied in the audit.
ESG stands for Environmental, Social, and Governance, which is used to talk about responsibility and sustainability. ESG, therefore, refers to issues related to companies’ environmental and social responsibility and governance, such as environmental issues, employee welfare and working conditions, and reporting issues. Sustainability issues are approached in the market in an ESG risk-focused manner, i.e., the material sustainability risks, what they may mean to the company, and how to prepare for them are determined.
SFDR stands for Sustainable Finance Disclosure Regulation, which means the EU regulation on the provision of sustainability information in the financial services sector, which came into force in 2021. The purpose of the regulation is to make the sustainability profiles of funds more comparable and better understood by final investors. This focuses on assessing the environmental and social responsibility of the investment process and the results of governance (ESG).