Carbon Offset Projects slow down global warming @CarbonCapture_1
Carbon Offsets finance verified projects which slows down the rate of global warming, buying time for the world to make the transition to low-emission economiesclimatechangeinstitute.netJoined May 2015
The Oxford Offsetting Principles are published by the University of Oxford and provide guidelines for businesses, governments, and organizations to balance out their carbon emissions in a responsible and efficient way.
Co-benefits: Projects may have have additional co-benefits such as poverty reduction, biodiversity conservation, and sustainable development and this should be considered.
Verification: Projects must be verifiable and correctly accounted for, have a low risk of non-additionality, reversal, creating negative unintended consequences, and all forms of double-counting, including double-claiming of the emission reduction benefit, are avoided.
Permanence: Projects should demonstrate that the emissions reductions achieved by the project will be permanent and the carbon must remain stored for a long enough period to achieve the intended climate benefit.
Additionality: The project is justified and the the carbon emission reductions achieved by the project would not have occurred without the additional funding.
Projects must have:
Validity
Projects must be certified to world standards.
Transparency
Information on the project is made readily available.
Efficiency
Projects should offer efficient methods to reduce carbon.
USA Wind Project
The Crow Lake Wind Project produces enough renewable energy to power as many as 129,000 homes, keeping over 430,000 tonnes of CO2 out of the atmosphere each year.
In addition to replacing fossil fuel generated grid electricity, the project provides a training ground for the next generation of renewable energy technicians by providing hands-on experience for students at Mitchell Technical Institute (MTI) in Mitchell, South Dakota.
In total the wind farm comprises 108 turbines: Basin Electric Power Cooperative (BEPC) owns 100; a group of south Dakotans, South Dakotan Wind Partners own 7; and 1 is owned by Mitchell Technical Institute (MTI).
The Crow Lake Wind project harnesses the wind to power homes with clean electricity, displacing energy generated from fossil fuels. The total installed capacity of the project is around 162MW, 1 MW serves around 800 homes, so at full capacity, 129,000 homes can be served!
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