Germany acquires 235,000 carbon credits to offset business travel

10/08/2017 11:05 CO2

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The German government intends to compensate for the climate footprint of its official travel by starting a bidding process to acquire more than 235,000 carbon credits.

The tender process will be open until august 16th, being in accordance to the UN Framework for Convention on Climate Change (UNFCCC).


The German government intends to help combat the global CO2 emission problem by utilizing carbon credits from different UN-certified projects, since the transport sector is responsible for nearly 23% of the entire energy-related global CO2 emissions. The government’s approach for business travel targets the reduction of travel emissions, or their offset in case they can’t be avoided, with investments in emission reductions elsewhere.


The International energy Agency has estimated that transport emissions could rise by 50% by 2035 and by 100% by 2050, nevertheless governments across the world should aim to reduce emissions by investing in high-quality climate change projects.
 

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