So you already know that when you sign up at GoClimate, you support climate projects through carbon offsetting. But how do these projects actually work?
The main purpose of a climate project is to avoid the emission of greenhouse gas emissions into the atmosphere. There are different ways to do this, and the carbon market is constantly evolving with new projects and better methods for measuring emissions reductions.
One way that is easy to measure and easy to understand is therefore projects that produce renewable energy. By creating the kind of energy that does not cause emissions, we give people the opportunity to stop using fossil fuels. For example, when we build wind power in India and connect more people to the electricity grid, they no longer need to use diesel generators or burn charcoal, which is often the case before the project is implemented.
Some examples of projects that GoClimate have supported which produce renewable energy:
- Wind Energy in Indonesia
- Thermal Solar Power in India
- Small Scale Hydropower in Vietnam
- Solar Energy in Thailand
- Biomass in Bulgaria
The reason we want to contribute to this in countries like India and Indonesia is that wind power is still too expensive to be built without the income from carbon credits – this is what is meant by additionality. Wind power can produce the same energy in Sweden, but the marginal utility will be higher elsewhere as we avoid combustion of coal and diesel and contribute to raising the standard of living on site.
Another type of climate project is the capture of greenhouse gas emissions that occur in different processes, and converting them into energy instead – so-called biogas projects. The projects often involve installing improved technology so that greenhouse gases from biodegradation of organic matter, for example in landfills or in waste water, are not released into the atmosphere but are contained and converted into energy. Here we immediately avoid the emissions, and do something useful with the energy instead! This is often a bit more expensive than, for example, building wind power, which rank among the cheapest projects.
Some examples of biogas projects which GoClimate have supported:
- Landfill Gas to Energy in Chile
- Methane Digesters for households in China
- Wastewater Treatment in Thailand
Another type of project aims to improve methods of cooking. A large proportion of the world’s population cook their food over open fire, which leads to deforestation when more and more people need firewood. By offering better equipment, the people responsible for cooking, usually women, do not need to collect as much wood. This saves both trees and time for them, and with the improved equipment it also reduces air pollution and air born particles, which has a positive impact on their health. These projects thus have great potential benefits, but are more difficult to implement because it implies changing behaviors, and then it is more difficult to measure the results. The risk is thus higher, but the benefits can be very significant.
GoClimate has financed a few projects of this kind:
- Improved cookstoves in Rwanda
- Solar cookers in China
- Methane Digesters for households in China (yes, this project can be classified as this as well!)
Another type of climate project has to do with trees. This can be reforestation of areas that have been deforested, the planting of trees on areas that have not had a forest before, or protection of existing forests. Projects of this kind are incredibly important because the trees bind carbon dioxide from the air, and there are many potential benefits such as increased biodiversity, improved microclimate, etc. Nevertheless, we at GoClimate have chosen not to invest in this kind of climate project. The main reason is that the carbon that is bound in the tree is admittedly absorbed, but it is not a permanent storage of carbon dioxide as it, intentionally or unintentionally, can be released into the atmosphere again. The lack of permanence and the risks associated with it means that we do not want to offset in this kind of projects.
This is a brief summary of some different types of climate projects, but there are more on the market, and more are being developed at the time of writing. Of course, since the projects are so different, the prices of the projects vary, and there is thus no fixed price for a ton of carbon dioxide. In addition, all projects have administrative costs – if no one designs, administers and supervises the project, there will be no projects and we also could not guarantee the quality of them. But that’s why we exist – to do part of the job for you who want to save the climate by offsetting emissions. Part of the cost also goes to the certification, to ensure the quality of the project. In this way we avoid projects that don’t make positive impacts, and protect ourselves from corruption and inefficiency.
Does this sound like something you want to be a part of an contribute to? Sign up here for a carbon neutral life!
Further questions? Please leave a comment!
4 Replies to “What is a climate project?”
Hi, I was wondering how you justify the cost per month for offsetting carbon in terms of the cost of offsetting one tonne of carbon depending on which projects are chosen? Thanks.
Hi! We choose projects among those certified by Gold Standard, in a price range where we are confident that the project provides significant climate benefits but also within the bracket that we think is affordable to individuals. A small margin is added to cover the work that the GoClimate team puts in.
Hi Can you tell me how you assure stakeholders that there is not double-counting of carbon tonnes and exclusivity?
Thank you for your question. Double counting and exclusivity is very important when it comes to climate financing. Right now,
all our projects are certified by the Gold Standard foundation. They make sure that there is no double-counting now, but we have to wait for how Article 6 is implemented to be sure how this will work in the future. This is very important for us and we will follow it very closely.
Kalle at GoClimate