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14 Common Misconceptions About the Carbon Market

There is a great deal of misunderstanding about carbon offsets and CO2 emissions. In this blog post, we will debunk 14 common misconceptions about carbon emissions and climate change. We hope that by doing so, we can finally put to bed several myths associated with climate change and CO2 emissions.

14 Common Misconceptions About the Carbon Market-1

1: Companies Will Need To Buy
Carbon Offsets To Achieve Net Zero

While this may be a popular opinion, it isn't actually correct and can be quite misleading. While carbon offsets can help a company become net zero, they are not the only way to achieve this goal. There are many other options available, such as investing in renewable energy or using cleaner production processes. Every single step matters.

 2: Carbon Offsetting Is Too Complicated

Carbon offsetting is a straightforward process that can be easily broken down to help anyone understand how it works and helps to combat climate change. And as the industry advances, the processes will also be revised and simplified. 

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3: Carbon Offset Demand Is Decreasing

This is one of the most common misconceptions about carbon offsets. Only last month a panel of experts from global consultancy company Ernst&Young stated that because of an increase of demand the price of a carbon offset could triple by 2035. 

"The price of carbon offsets will triple by 2035." according to Ernst&Young.  Read their report.

4: Companies Must Carry Out Due Diligence On Carbon Offsetting Companies

Due diligence is an important part of any business decision, but it's not always necessary when choosing a carbon offset provider. This is because there are now several voluntary standards and certification schemes in place that help to ensure the quality of offsets. "Voluntary standards" refers to guidelines that companies can choose to follow, while "certification schemes" are third-party programs that verify whether a company meets the standards.

Some of the most popular voluntary standards for carbon offsets include the Verified Carbon Standard (VCS), the Climate, Community, and Biodiversity Standard (CCBS), and The Gold Standard.

14 Common Misconceptions About the Carbon Market-2

5: The Whole Concept Is Greenwashing

Greenwashing is when companies make false or misleading claims about their environmental practices in order to appear more sustainable. This can take many forms, such as using misleading marketing tactics or making unsubstantiated claims. However, carbon offsetting is not greenwashing. It is a real and tangible way to combat carbon emissions and is not simply buying your way out of environmental responsibility. 

6: Offsetting Is Niche

While carbon offsets may not be as mainstream as other sustainability initiatives, they are far from being niche. In fact, the global market for carbon offsets was valued at $176 million in 2017 and is expected to grow to $505 million by 2025. This growth is being driven by an increasing number of companies that are looking to offset their emissions and become more climate-friendly.

7: Offsetting Is Expensive

The cost of carbon offsets varies depending on the project and the location, but they are generally quite affordable. For example, a typical offset project might cost around $3.3 per ton of CO₂e. This price is often much lower than the cost of other emissions-reduction strategies, such as investing in renewable energy.

Invest in a sustainable future. 8% return on your impact investment.

8: You Are Incentivizing CO2 Emissions

This is a common misconception that is often used to discredit carbon offsetting. However, it doesn't hold up to scrutiny. Carbon offsets are not a form of pollution trading, and they do not incentivize emissions. In fact, they provide an incentive to reduce emissions by providing funding for projects that help to combat climate change. So it's not a get-out-of-jail-free scheme as some would have you believe! 

9: Offsets Come From Overseas

Another common misconception about carbon offsets is that they all come from developing countries. While it's true that many offsets are generated in developing countries, this is not always the case. In fact, there are a growing number of offset projects being developed in developed countries, such as the United States and Europe. 

10: This Won't Impact Global Warming

One of the most common misconceptions about carbon offsets is that they won't make a difference in the fight against climate change. This couldn't be further from the truth. Carbon offsets are a vital tool in the fight against climate change, and they are already making a significant impact.

14 Common Misconceptions About the Carbon Market-4

11: It's All About The Trees

Carbon offsetting is about more than just planting trees. In fact, there are a wide variety of carbon offset projects that can help to combat climate change. These include projects that focus on renewable energy, energy efficiency (take a look at our Projects in Kenya and Cameroon for instance), and the capture and storage of CO₂.

12: Carbon Offsets Are A Band-Aid Solution

Some people believe that carbon offsets are just a band-aid solution to climate change. However, this is not the case. Carbon offsets provide a practical solution to combat climate change on a global scale. With our nature-based solutions, we help restore and reforest land on a large scale. This isn't a quick fix, but rather a solution for generations.

13: We Need To Reduce Our Carbon Footprint, Not Offset Emissions

It's important to remember that carbon offsets are not a replacement for reducing your emissions. They are simply a way to offset the emissions that you cannot reduce. So, if you're looking to make a real difference in the fight against climate change, it's important to focus on both reducing your emissions and offsetting them.

14: Net Zero By 2050 Won't Work 

Net-zero by 2050 is a goal that has been set by many countries and businesses in order to combat climate change. However, some people believe that this goal is unrealistic. While it will be a challenge to reach net-zero emissions by 2050, it is not impossible. And carbon offsets will play a vital role in helping us to achieve this goal. 

Invest in a sustainable future. 8% return on your impact investment.

So there you have it, 14 common misconceptions about carbon offsets debunked. We hope that this has helped to clear up some of the confusion around this topic and that you now have a better understanding of how carbon offsets work and their role in combating climate change.

Tell us which of these myths you still don't believe aren't true, by tagging us LinkedIn, Twitter, or Instagram using #dgb_earth.

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