Many people contact us asking how carbon offsetting can cost so little. There are three main reasons for this:
- Green technology is becoming more cost-effective every year. That means that the subsidy part for each project (which is where you come in!) does not have to be so large for the project to be initiated.
- Today, only 0.4% of the world’s total carbon emissions are compensated for, but to meet the 1.5 degrees C goal, this percentage needs to increase fiftyfold. Thus, there are still too few people and companies that take responsibility for their climate impact. This in turn means that the supply of climate positive projects exceeds demand, which keeps the price down.
- ClimateHero analyses and selects projects that provide the most climate benefits per dollar spent. We buy large volumes at the best available prices, which you and all other subscribers then share. Read more about our climate projects here.