CO2 compensation for building projects

24-11-2020

Reducing the energy consumption of buildings is a relatively simple process. Making this buildings carbon neutral isn’t that simple. But just because it's complicated doesn't mean we don't have to. Directive (EU) 2018/844 on energy efficiency requires the complete decarbonisation of the building stock in the European Union by 2050. What seemed like an exclusive milestone for buildings seeking excellence will become commonplace in the coming decades.
 
For many buildings it can be too complex to become carbon neutral on their own. They should drastically reduce energy demand and meet this demand with energy from renewable sources generated in the same building. We do not always find the necessary conditions to achieve this at reasonable costs, even for some new buildings it can be excessively expensive to achieve this goal. That is why it may be a good idea to offset the CO2 emissions associated with the construction or use of the building.
 
The compensation of CO2 emissions consists of investing economically in a project outside the building that reduces GHG emissions and therefore can generate compensation. The most typical projects are reforestation or renewable energy installations, but they can be very diverse projects. The idea is to reduce the emissions associated with a building externally when it is too expensive to continue reducing them by making improvements to the building.
 
Finding these external emissions offset projects would be difficult and very difficult to quantify and verify. Fortunately, there are companies like Climatetrade that facilitate this process. They allow you to offset CO2emissions by choosing the projects that are considered most interesting and offer an official certificate of offsetting these emissions. They work with projects verified by prestigious organizations such as the United Nations CDM Registry, Verified Carbon Standard and Gold Standard.
 
Climatetrade has developed a platform that allows offsetting emissions through its API. Therefore companies in the building sector can offer the compensation service to their customers and suppliers directly and without having to carry out manual procedures. They also use blockchain technology to improve the traceability of projects to reduce CO2 emissions and avoid intermediaries.
 
For more information: www.climatetrade.com