Carbon offsetting: what is it and how does it work?
What is carbon offsetting?
Carbon offsetting is a way in which individuals and companies invest and contribute to environmental projects around the globe to balance their carbon footprint.
So, what is an ‘offset’?
Very simply, a carbon offset is something that rewards a project or technology that takes CO2 out of the atmosphere or avoids it going into the atmosphere.
How do Earth Rewards offsets work?
At Earth Rewards, each ERZ (Earth Reward) you earn on the app is matched to Natural Capital Credits (NCCs). These are fully verified high quality carbon offsets which have proven positive environmental benefits under IOS 14064-3 and ISO 14065 guidelines.
NCCs represent a combination of carbon, biodiversity and socio-economic benefits which have been achieved from implementing a forest protection project. So, the more ERZ you earn, the more NCCs Earth Rewards buys, meaning more benefits to protecting the environment.
What do ERZ go towards?
By simply earning Earth Rewards you are contributing to the important protection of areas of the endangered Amazon rainforest in Brazil, the biodiversity and the communities who call it home.
Each NCC represents 1 tonne of CO2e which has been avoided from entering the atmosphere. The Earth Rewards splits each NNC down to a more relevant value of 1kg of CO2e per Earth Rewards.
Is carbon offsetting the best solution?
Carbon offsetting is a great way of protecting our planet. However, it is only part of the solution; we still have to evaluate our lifestyles and choices. We need to create and use products and services that are more environmentally friendly, with our without the option to offset.
Why should I download Earth Rewards?
The Earth Rewards app is completely free to download and has no pesky in-app purchases. The app rewards you with ERZ (Earth Reward currency) by completing e-missions and academies which are educational snippets to help you learn about the environment. You can redeem your ERZ to offset carbon impacts and protect Amazon Rainforest, plus find and reduce your own carbon footprint on the Earth Rewards CO2 tracker feature.
Earth Rewards supports the Trocano Project located within the Municipality of Borba, in the Amazonas state of Brazil. It is a REDD+ avoided deforestation project which brings a combination of carbon, social and biodiversity benefits through the implementation of it’s project activities.