Your next business meetings Climate Neutral?
Onemeeting.com makes it happen!
How? Together with Groenbalans, we calculated the carbon emissions generated by each meeting package. By making a minor contribution, you compensate these emissions by investing in the Gold Standard carbon offsetting project ‘Cleaner Cook Stoves’ in Rwanda. At Onemeeting.com, we believe it’s important to contribute to a better and cleaner world. Do you agree?
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Verra CO2 Offset Project 'Run of the River' Karanata in India
The demand for energy in India will rise sharply in the coming years due to the growth of the population and increased prosperity. For sustainable development it is necessary to make the transition to renewable energy systems.
The Thangarabalu Small Hydel Project in Karnataka in India is a run-of-river 24.75 MW hydroelectric power project across the Krishna River, approximately 13 km downstream from the Narayanpur Dam in Karnataka. It replaces 65 million kWh of fossil fuel-based electricity annually, reducing emissions by nearly 54,000 tons of CO2 per year.
The River Krishna is one of the main eastern flowing rivers of the Indian Peninsula. The river rises in the Mahabaleshwar Hills in the Western Ghats in the state of Maharashtra at an altitude of 1340 m and flows into the Bay of Bengal. The river has a length of 1,392 km. The project uses water runoff from the Narayanpur Dam and a series of rapids in the riverbed over a length of approximately 3 km to economically generate power.
Frequently Asked Questions
CO₂ compensation is an instrument through which unavoidable CO₂ emissions can be made CO₂ neutral. There are regular questions about CO₂ compensation. Since the details of this instrument are not yet known to everyone, the most frequently asked, critical questions are listed below.
Onemeeting.com B.V. is 100% climate neutral. We compensate the emissions based on our CO2 footprint (which has been calculated by Groenbalans).
The argument is regularly heard that companies should only focus on reducing their own emissions. But CO₂ compensation is an integral part of a broader CO₂ policy: reducing emissions and compensating for unavoidable CO₂. A study by Ecosystem Marketplace confirms this: Companies that use CO₂ compensation are at the same time very active or more active in reducing their own emissions.
Who and how is it guaranteed that CO2 compensation is actually carried out? International CO₂ compensation standards and registers guarantee authenticity and transparency. This means that CO₂ compensation projects can only be developed if it is conclusively established that the proceeds of the CO₂ rights are needed to develop a project. And this contradicts the argument that a project would be developed anyway, even without the revenues from the CO₂ rights. Auditors check the project plan, visit the project in the first phase and in principle every year thereafter. These are internationally renowned auditors such as Tüv, Det Norske Veritas and SGS. Double counting is impossible because CO₂ rights have their own serial number and are included in the official registers and are definitively written off in the name of the customer after purchase.
The chain of CO₂ compensation consists of the project owner, project developer, supplier and the customer. The price of a CO₂ allowance consists of the implementation of the emission reduction technology and CO₂ development costs (fees for auditors, fees for the CO₂ compensation standard and fees for the registers). And a risk premium in case something happens to the project. Part of these costs are borne by the project developer. The provider earns a margin with the purchase and sale of the CO₂ rights.
Yes, these are and must be realised. This concerns employment, education, medical care, biodiversity, etc. Apart from the prevention of CO₂, the projects show a clear social impact. The methodologies used to assess and possibly approve a project include these social aspects. Recent studies by ICROA and the Gold Standard Foundation also quantify this. These show that money is actually being invested in, for example, biodiversity, employment and health aspects. Without attention to this, a project may not generate CO₂ rights.
CO₂ compensation is done on a voluntary basis. This ‘voluntary’ market is still relatively small. A recently published UN report shows that the gap between global CO₂ compensation on the one hand and the amount it should actually be to stabilize the climate problem by 2020 is still very large. Nevertheless, the voluntary carbon offset market is important for two reasons. On the one hand, this total CO₂ compensation market has also grown strongly in recent years and it contributes to setting up sustainable energy projects in developing countries. At the same time, companies and governments will achieve their CO₂ targets with this; On the other hand, governments learn and use project methods and market forms to structure regulations on CO₂ prices.