Carbon neutral definitions2/10/2024 ![]() Only if they are produced from renewable sources (e.g. Again, it is important to regard the whole lifecycle of such insetting products. Currently, airlines like KLM and SAS are introducing SAFs in parts of their operations. They potentially reduce flight carbon emissions by up to 80%. An example within the travel sector are sustainable aviation fuels (SAFs), which (even in the near future) pose a substitute for fossil jet fuels. Thus, it really reduces a company’s carbon footprint and helps to decarbonize industries. ![]() Carbon insetting is about changing operations and production processes. Insetting describes reducing the carbon emissions or abatement within a company’s value chain. Effective offsetting projects with a strong added value can be recognized by quality audits such as the Gold Standard. However, offsetting should complement but not replace stringent emission reductions within the value chain if we want to reach the Paris goals. ![]() For a transitional period, offsetting can constitute part of a wider corporate net zero strategy. Such projects accelerate the global transformation towards a low-carbon society. Offsets mostly support renewable energy and energy efficiency projects. Offsetting is a bridge to a net-zero future by financing CO 2 mitigation in a wider, global context outside of the corporate’s own value chain. They can also do this for specific (unavoidable) categories such as their business travel emissions. As such efforts take time and until they show their full effect, many corporates decide to offset their emissions, as an intermediate measure. Only reduction measures that really change operations and processes lead to a real reduction of a company’s footprint. A company’s climate strategy often comprises a mix of measures, depending on the long-term targets and technical, organisational and financial possibilities. It should be complete, consistent and accurate, regarding the full scope of climate impacts from all activities. It is the prerequisite for developing a climate strategy and expedient climate protection measures. The preparation of a greenhouse gas (GHG) inventory lays the foundation for any corporate climate action. Meanwhile, hotel chains such as Hyatt, Accor and Hilton have committed to reduce the emissions from company operations to keep global warming below 2☌. carriers, the 13 members of the oneworld Alliance, and others such as Delta, Singapore Airlines and Etihad, have committed to a highly ambitious net-zero target by 2050, in line with a maximum 1.5☌ warmer future. F or example, a number of airlines, including many leading U.S. The targets are validated by the SBTi and give corporates competitive advantages and credibility for their real climate ambition. This would be in line with the Paris Agreement, in which almost all countries agreed to limit global warming to a level still manageable. The Science Based Targets initiative (SBTi) provides methods and tools for corporates to set emission reduction targets aligned with a max. Here are some commonly-used terms and their definitions. This not only spares you from allegations of greenwashing but also signals that you take your responsibility seriously, and offers a real chance to stand out against others in your industry. Sustainability action with all its dimensions should be transparently quantified, documented and audited to be sound. This poses a real challenge to distinguish between serious climate action (that is aligned with the Paris Agreement) and so-called ‘greenwashing’.Ĭompanies have a responsibility to communicate clearly about their commitments. As a result, their climate commitments vary widely. However, companies often use them interchangeably, without always specifying their application. Strictly speaking all these terms have different definitions according to the IPCC, the UN body for climate science. By knowing about carbon balance and using the right terms, decision-makers in the travel industry can take the necessary measures to set and achieve their carbon goals. Understanding carbon jargon is all about making up the balance: of the emissions caused, as well as what we can do about them.
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