“Carbon credits are recognised reductions or absorptions of carbon. Credits should be certified and recognised by a certificate owned by the individual or company who has created the greenhouse gas saving. Over time, companies or individuals who create more certificates than they need can sell these to others wanting to reduce their greenhouse gas emissions.”[i]
Both commercial and non-profit organisations throughout Australia run carbon credit schemes, where you pay a certain amount, generally between $2.50 and $3.00 per tree needed to offset your emissions, for the company to plant trees on your behalf.
Where the organisation is non-profit, your donation is 100% tax deductible.
The aim of these schemes is to make you ‘carbon neutral’ by planting enough trees to remove the same amount of carbon from the air as you are producing. This will help to reduce global warming.
