By investing in Shift carbon credits, you support projects that mitigate climate change. 1 Shift carbon credit represents 1 ton of CO2 that is removed from the atmosphere. Shift carbon credits are an investment in a more sustainable future.
Given the fact that these carbon credits are advertised on a voluntary carbon market, they can only be used to show your contribution and investment in a more sustainable future and to improve your carbon handprint. They are not a replacement for compliance or mandated CO2 reduction targets.
To calculate your carbon footprint, you need to understand the amount of emissions that are produced when consuming a certain amount of energy. For example, 1 liter of diesel produces approximately 3 kilograms of CO2.
Your footprint is calculated based on three scopes. The three scopes, each representing different sections of your value chain, are as follows:
Any company invest in voluntary carbon credits should understand their own emissions throughout their value chain. They should invest in energy efficiency and avoidance of energy consumption where possible, as well as actively seek to reduce emissions. In addition to above we also need to develop adequate technology to capture emissions, both at point source but also directly from the air. For those emissions that cannot be avoided, reduced nor captured, we need to create and implement carbon removal projects. It is vital that we reduce the current carbon debt and counteract the annual rise of CO2 in the atmosphere by avoiding, reduce, capture and remove CO2.