Getting devoid of carbon emissions seems a far flung dream due to our heavy dependence on fossil fuels. We have adopted a lifestyle where we depend on fossil fuels for our day to day chores.
Big corporations too need to depend on it and switching over to renewable sources seems to be a techno-heavy and elaborated process.
So, is there any way we can buy out of carbon emissions?
Some believe they can, by ‘carbon offsetting’.
You can offset your greenhouse gas emissions by investing in reforestation ,or, you can compensate for that constant air travel by installing solar panels.
As per the idea of ‘carbon offsetting’, you compensate for your carbon emissions by investing in eco-friendly practises like restoring wetlands, reforesting and even installing windmills and solar panels.
Some companies and individuals have already been practising it focusing on paying back for emitting harmful greenhouse gases that contribute to climate change.
As per a report by BBC, this voluntary carbon market for companies and individuals was worth an estimated 300 million pounds last year and it is expected to grow rapidly over the next decade.
Even as some believe offsetting to be a method used for not getting serious about cutting carbon emissions at its source and rather paying to try to compensate for it elsewhere.
If we are offsetting our carbon emissions, we should always realise where to invest. Investing in reforestation is a good offset whereas investing in things that pollute the environment is a bad offset.
For example, investing in unhealthy practises of opening burning could be called a bad offset while investing in restoration of wetlands is a good offset.