Carbon offset is a way to compensate for your emissions by funding carbon saving projects. Traveling to work, ordering online, using electricity – all this activities produce carbon dioxide. Carbon offsetting is used as a balancing mechanism to compensate our carbon footprint by supporting emission saving projects.
In general, there are two markets for carbon offset: the compliance market and the voluntary market. The compliance market is created and is operating under mandatory national and international carbon reduction regulations. The voluntary market, on the other hand, operates outside of the compliance market and enables businesses, organizations and individuals to offset the carbon footprint caused by their day to day activities.