02 Sep The Importance of Carbon Offset Programs in Costa Rica
Countries around the world are implementing a variety of carbon offset programs. Their main goal is to reduce the emission of greenhouse gases to protect the environment. Having signed the Kyoto Protocol in 1998 and the Doha Amendment in 2016, Costa Rica is one of those countries.
In fact, Costa Rica plans to become the world’s first carbon-neutral country. The original goal was to achieve this by the country’s bicentenary in 2021, but it may have been too optimistic. As such, the 2017 National Carbon Neutrality Program 2.0 postponed this goal until 21030. According to projections, this is the year (2100) when carbon emission rates in Costa Rica will finally go below zero.
Right now, participation in the country’s carbon offset programs is voluntary. That’s unlike Coloumbia, where businesses that fail to reduce their carbon footprint are facing high taxes. Even though it isn’t mandatory, companies and individuals in Costa Rica are already taking steps to reduce and offset their carbon emission.
How Carbon Offsetting Works
To understand the benefits of carbon offsetting, it is important to know how it works.
Carbon offsetting is the second step toward becoming carbon neutral. It follows the reduction in carbon emission. This you can achieve by producing less waste and increasing the use of renewable energy. However, carbon reduction efforts will eventually plateau. From there on out, you can make up for any surplus carbon emission by taking part in carbon offset programs.
You can do this by purchasing carbon credits. In simple terms, this involves investing in various projects that reduce greenhouse gas emissions. For example, you can invest in a forest restoration project. Similarly, you can opt for projects that rely on renewable energy sources like wind and hydropower.
Each carbon credit is equivalent to a metric ton of carbon dioxide (convertible to other greenhouse gases). The credits that you buy usually go toward projects in Costa Rica or some other Latin American countrythe region where your carbon emissions are. Alternatively, you can also buy credits for renewable energy projects in Costa Rica or some other Latin American country.
The Benefits of Carbon Offset Programs for Businesses
Offsetting your company’s carbon footprint isn’t might not always be cheap, but it can do a lot for your reputationbenefit you in several ways.
First of all, carbon offsetting gives you a chance to take responsibility for your emissions. Not only that, but you’ll be helping to protect and conserve the environment for future generations. As an added benefit, this will also have a very positive effect on your brand image.
Taking part in carbon offset programs shows your clients and customers how much you care about the environment. It also shows them that you play by the rules and want to give back to the local community. This, in turn, could give you an edge over your competition and do wonders for your company brand.
These programs also help you discover the actual economic cost of carbon in your day-to-day operations. Based on the size of your carbon footprint, you can choose to switch to a renewable source of energy. This could help you save a lot of money in the long run, in light of not having to buy as many carbon credits.
Finally, carbon offsetting also benefits the national economy. That’s because the Kyoto Protocol allows countries with a smaller carbon footprint to sell carbon credits to other countries.
And while the cost of carbon offset programs can be sizable, your business may be able to recoup them easily. For example, more than 30% of airlines give their clients an option to pay a few extra dollars for a carbon offsetting certificate. Many car rental companies in the United States have also been doing this for a whole decade. Every 100,000 $1.25 certificates that they sell offsets about 13,500 metric tons of carbon dioxide.
Car companies in Costa Rica have done a lot to raise awareness about the negative effects of greenhouse gas emissions. Nissan, Honda, and BCR are all taking steps to reduce their carbon footprint in Costa Rica. The local fashion and lifestyle industries are also actively searching for ways to operate on a more sustainable model. In doing so, they also help members of the public realize the importance of carbon reduction.
The Benefits of Carbon Offset Programs for Individuals
Even if you don’t own a business, reducing your carbon footprint is something you should consider.
According to statistics, a single American citizen’s individual carbon footprint is 2216.5 metric tons. Canadians use 15.1 metric tons of carbon per capita, while Costa Ricans use 1.6. In Latin America, an average person uses almost 3 metric tons of carbon per year. It This includes emissions from your their homes and your cars, as well as those you they make while traveling.
As you know, climate change is a serious problem that affects us all. By taking part in carbon offset programs, you are contributing to the efforts to solve this problem. What’s more, this can help you become more aware of your use of carbon dioxide. It can thus help motivate you to adopt more eco-friendly habits.
Do you want to take part in one of Costa Rica’s carbon offset programs? If so, Calvur Consulting can help you.
We can analyze your carbon footprint and help you find ways to reduce it. We also offer carbon credits for renewable energy projects in Costa Rica and Latin America.
Click here to buy carbon credits and learn more about the other carbon offset services that we offer.