Lowering Greenhouse Gas Emissions Yields Additional Benefits Worth Billions
Friday, 16 May 2014
Carbonfund.org supports carbon offset projects that clearly benefit the environment and fight climate change. A recent study highlights how projects such as ours offer even more than combating global warming alone. They can provide additional benefits ranging from employment to health, which is important to countries’ economies and limited budgets.
Often the question is posed as whether to cut emissions or use the funds to stimulate the economy. But we can have the best of both worlds with certified carbon-cutting projects; particularly projects in poor countries. And the numbers add up to billions in additional benefits.
Carbon credit certifier, the Gold Standard Foundation, in a partnership with WWF Switzerland commissioned a peer-reviewed study from Australia-based Net Balance. Economists analyzed the environmental and socioeconomic benefits from clean energy or Gold Standard-approved carbon reduction projects.
The report found, “Robustly designed and audited greenhouse gas mitigation projects… deliver far more than carbon emission reductions, meaning it is no longer necessary to choose between climate and other environment and development outcomes.”
The study analyzed more than 100 initiatives including building wind farms, planting trees, installing water filtration systems and distributing clean stoves to discourage people from burning wood or charcoal. Then the report identified areas beyond greenhouse gas cuts where there was a potential benefit from projects, such as local economies, employment, health and biodiversity.
The report gives a couple examples; the first shows how three water filtration systems throughout Africa and Asia deliver health benefits such as less air pollution, which is valued at more than $300 million annually. The second example illustrates how 54 Gold Standard-certified wind farms created jobs worth $12 million a year while contributing a total $100 million per year to countries’ balance of payments.
Gold Standard Program projects generate carbon credits that can be bought by individuals, businesses and organizations to offset their own carbon footprints. Learn more about Carbonfund.org’s carbon reduction projects at http://www.carbonfund.org/projects.