Compensation

Phoresta / Compensation

CO2 emissions are one of the biggest problems threatening our society. CO2 is, in fact, the main component of greenhouse gases responsible for global warming. According to recent NASA surveys, seventeen of the 18 hottest years in the last 136 have occurred since 2001.

2016 is considered as the hottest year ever. We are heading, therefore, towards situations that will soon be unsustainable. It’s necessary to invert or, at least, slow down this trend. There’s only one path to take: compensate emissions by whoever produces them (obviously large companies rather than single citizens). For this reason, Phoresta has entered into agreements with many small businesses people and professionals, convincing them first of all to calculate their emissions. There are some very reliable systems available today. After this, it’s possible to compensate their emissions by acquiring carbon credits held by Phoresta through its projects. Another system to adopt is a program for the gradual reduction of these emissions.

From words to facts

The first step: knowing how much CO2 is produced

As is well-known, all of us are responsible for CO2 emissions. In general, everything that uses electricity or combustible fuels produces CO2. The first thing to do, then, is to calculate how much we produce, for example annually or monthly. This means making an estimation of the carbon footprint. It’s not so easy, but Phoresta can help you, provided we have all the data necessary to make the relevant calculations. For practical reasons, we group together the main causes of CO2 production into four large categories: electricity, fuels, mobility and, finally, food consumption. For electricity, it’s sufficient to register (for example on an excel spreadsheet the number of Kilowatt-hours used). For petrol: the details of every journey (from… to…), reporting the kilometers, fuel consumption and the date of the journey. It also useful to know the vehicle model and the year of registration.  If the journey has been made by train or plane or ship, keep the ticket. The calculation relating to food is more complex but you can keep shopping receipts. Gas and water bills and heating costs also need to be recorded.

When you have all these data, send them to us:  even better if you can put them on an Excel spreadsheet. We will then make the calculation. One piece of practical advice: put all the documentation (if in paper form) in a box that can easily be found and empty it when necessary. Don’t try to memorize everything.

2°-step: reduce or compensate

When you know your carbon footprint profile you can move in two directions: reduce it or compensate it. There are many ways for reducing it, many of which are simply the result of common sense. For example, to save electricity just don’t forget to turn the lights off in a room when nobody is present. To save water, it’s better to have a shower rather than a bath. As for mobility, it’s better to choose the train (or better still the bicycle) rather than the car. And so on. It’s not easy, of course, to eliminate emissions, particularly if you run a business (such as a shop or an office). Alternatively, you can compensate your emissions, that is, acquire carbon credits issued by virtuous organizations that produce them – forests, for example). Phoresta is committed to the development of ecosystem services like the Treja park (and many others including the creation of a wood in Bologna). These two actions together (reduction in CO2 and compensation) really help to improve the environmental situation. Let’s now take a look at some details.

3°-step: the compensation agreement

The compensation agreement is an understanding between an entity or institution or a private individual that acquires carbon credits available on the voluntary Life+MGN market offered by owners of forest areas included in the Natura 2000 sites. Phoresta promotes and manages these agreements and already many professionals and business people have chosen to compensate with us. They include the Gilda Gallery in Milan, Agenzia Vagabondo in Rome and many others that are currently negotiating such agreements.