Ghana's government has collaborated with Indore-based start-up Better Planet Footprints to produce and distribute one million low-emission cooking stoves. These stoves, utilizing advanced technology, emit less carbon dioxide and other greenhouse gases, aligning with the Paris Agreement's goals. The project aims to reduce 12.5 to 15 million tonnes of CO₂ emissions over its duration.
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Answering Your Sustainable Environment Questions: Frequently Asked Queries Unveiled for a Sustainable Future.
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Carbon credits are certificates representing the reduction or removal of one metric ton of carbon dioxide or its equivalent in other greenhouse gases. They're generated by projects that reduce emissions or enhance carbon sequestration, like renewable energy or reforestation projects.
Carbon credits mitigate climate change by incentivizing emission reduction activities and supporting projects that remove greenhouse gases from the atmosphere. Investing in carbon credits contributes to a low-carbon economy, reducing the impact of climate change globally.
Eligible projects include renewable energy, forestry and land-use, energy efficiency initiatives, and methane capture projects.
Carbon offsetting compensates for emissions by investing in projects, while carbon credits are tangible units representing emission reductions achieved by these projects.
Carbon credits can be purchased through brokers, trading platforms, or directly from project developers. Buying carbon credits offsets carbon footprints and supports sustainability initiatives.
Yes, international standards and accreditation bodies regulate carbon credits to ensure transparency, accountability, and compliance with established criteria.
Carbon credits help companies offset their carbon footprint, demonstrate environmental stewardship, and align with regulatory requirements and stakeholder expectations.
The money from buying carbon credits goes towards funding projects that reduce or remove greenhouse gas emissions. This can include things like building wind farms, planting trees, or improving energy efficiency in buildings.
No, carbon credits don't expire. Once they're created, they can be used at any time to offset carbon emissions. However, it's important to make sure they're from reputable sources and meet established standards.
Individuals can reduce their carbon footprint by conserving energy, using public transportation or carpooling, eating less meat, recycling and composting, and supporting renewable energy initiatives.
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Powering Change: Harnessing Carbon Credits
At Better Planet, we firmly believe that each and every individual has the power to make a positive impact on the environment. We are driven by a mission to provide accessible and innovative solutions that empower both individuals and organizations to reduce their carbon footprint and contribute to building a better planet. We understand that taking action to combat climate change can sometimes feel overwhelming or complicated. That's why we strive to make the process as simple and straightforward as possible.
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Singapore’s carbon tax, Southeast Asia’s first, is a cornerstone of its climate strategy. Initially set at S$5/tCO2e (2019–2023), it rose to S$25 in 2024 and will reach S$50–80 by 2030. Covering 80% of emissions, this tax incentivizes low-carbon innovation while using revenues to support green transitions. Companies can also offset emissions through international carbon credits.
Singapore's carbon tax, introduced in 2019, is part of a global movement toward carbon pricing. As of 2024, 37 carbon tax programs have been implemented worldwide, including in countries like Canada, South Africa, and the European Union. These initiatives aim to incentivize emission reductions and support the transition to a low-carbon economy. For instance, British Columbia has had a carbon tax since 2008.