My Flights and My Carbon Offsets

10 April 2022 | Blockchain | Clean Tech | NFT

We are flying more than ever, and this trend continues: The International Air Transport Association reported that airline passenger numbers could almost double worldwide by 2037, to 8.2 billion annually.

But we cheer news for people who love to travel, on the contrary, this is bad news for the environment. Flights were responsible for 2.4 per cent of global carbon dioxide emissions in 2018 — a figure expected to grow more than threefold by 2050.

A return flight from London to San Francisco emits around 5.5 tonnes of CO2 equivalent (CO2e) per person – more than twice the emissions produced by a family car in a year and about half of the average carbon footprint of someone living in Britain. Even a return flight from London to Berlin emits around 0.6 tonnes of CO2e – three times the emissions saved from a year of recycling.

In an interview with BBC, Dan Rutherford, shipping and aviation director at the International Council on Clean Transportation (ICCT), a US-based non-profit, estimates just 3% of the global population takes regular flights.

“Other substances, including most waters in the form of contrails, soot and nitrous oxides, all can trap additional heat at flight altitude,” says Stefan Gössling, a professor at Linnaeus and Lund universities in Sweden who specialises in sustainable tourism, said in an interview with BBC 

Rutherford has developed a four-step process that he recommends cutting per flight emissions.

First, choose to fly with an airline that uses the newest aircraft possible for your route. These typically tend to be more efficient than older models and so produce less emissions. 

It is also better to book an economy ticket rather than go by a business or first class. A first-class ticket on a long-haul flight emits, on average, four times as much as an economy seat on the same plane.

Reducing the amount of stuff you take away with you will also impact emissions. The more you pack, the heavier your bags will be, and this adds to the amount of fuel being burned. “Anything that reduces the payload on an aircraft will reduce the fuel burn,” says Rutherford.

Thirdly, says Rutherford, avoid flying on very small or very large planes. “Very small regional jets or very large aircrafts with four engines are less fuel-efficient than your typical single-aisle or small twin-aisle aircraft,” he says.

Fourthly, choose direct flights without layovers. “To go through hubs is adding a major chunk of emissions to your flight and if you can avoid that, that will help quite a bit in cutting down on your emissions,” says Gössling. Source BBC

The United Nations created the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). The initiative aims to help airlines cancel out the environmental impact of growth in international flights after 2020 by making airlines buy carbon emissions reduction offsets.

It is not just for airlines to make a difference. As an individual you want to be an eco-friendly traveller, carbon offsets are a top option for you.

1. What are carbon offsets, and how do they work?

Carbon offsets offer a way to balance out your pollution by investing in projects that reduce carbon dioxide emissions or other greenhouse gases in the atmosphere. For example, if you’re taking a long-haul flight from New York City to Melbourn, you can purchase a carbon offset to account for that specific environmental impact.

Such offset projects can vary widely.

“It ranges from paying a rice farmer to adopting different practices that reduce the amount of methane coming out of their rice paddies, otherwise known as Sustainable Agriculture

State Government Planting trees to improve forest management and increase the amount of carbon sequestered in the forest.

Offsets are measured in metric tons of carbon dioxide equivalent. You can determine how much carbon dioxide equivalent you’re on the hook for using online calculators, either from an independent source or a project’s website. Next, you would find a carbon offset project to support cancel out your pollution essentially.

Some projects directly help the environment and humans simultaneously, 

A project such as Small Scale Biogas Projects, located in various villages in Taluka: Uchchhal, Mahuva, Vyara, Umarpada, Navsari, Savarkundla, Nizar, Adajan, Songadh and Kadi, in State Gujarat, India. The Project generates in excess of 4000 tCO2eq/yr emission reductions certified by SQAC, UK; the CoU (Carbon offset Units) are managed by registries like UCR 

As far as accounting for your carbon pollution goes, it doesn’t matter what the carbon offset project is as long as it matches your carbon output.

2. Why should travellers buy carbon offsets?

You don’t have to be travelling to be concerned about your carbon dioxide emissions — anyone can buy a carbon offset. But because travel is particularly toxic to the environment, travellers may feel more compelled to account for their participation in the pollution. Now I can buy

3. How do I buy carbon offsets? 

Once you’ve decided that you would like to buy a carbon offset, Now buying carbon credit is easy; Blockchain technology makes it possible, and Carbon Credits are available in digital tokens, specifically NFT (Non-Fungible Tokens) forms. I can offset my Flight Carbon footprint of 1.7mtCo2 for a return flight to Dubai from Hyderabad, India, through NFT tokens. 

Linking with a digital token does not compromise the nature of or the ongoing activities of carbon reduction projects. According to Toucan, opening the carbon offsetting market to crypto trading can improve transparency by giving users access to price points that are publicly visible on crypto exchange websites. 

NFTs are increasingly being leveraged for climate change, with initiatives ranging from raising awareness to fundraising; moreover, NFTs are used as an immutable record for impact and carbon credits. SavePlanetEarth is launching certified Carbon Credit Smart NFTs (Cointelegraph)

“The world’s rapidly scaling voluntary carbon markets need to be run on a transparent, digital and neutral system to maximise their impact,” James Farrell, CTO at Toucan Labs, told WSJ.

TRST01. is developing NFT-based carbon credits, enabling users to track, trade, and burn credits so that there is no double counting.

Reference 

  1. BBC world 
  2. Washington Post
  3. CNBC 
  4. Cointelegraph 
  5. WSJ
Recent Posts

Share Blog on:

Sailaja

Sailaja is a successful entrepreneur who believes in her passion and dedication. She has a master in business management from Herriot Watt University. She worked as a CEO for a Pharma chain in Hyderabad, and years later, she pursued her dream for pastry and got a degree in pastry from Le Cordon Bleu College, London. She started and established her patisserie in Hyderabad, getting the tastes from Global travel, infused her finesse to products taking her brand a notch higher.

Neelima Ponuku

Neelima is a techno management professional, Trainer and Educator with 15+ years of combined experience in Public Sector Enterprise – Govt. of India, academia and corporate. She has done her Masters in Computer Applications and started her career as a Senior Engineer with the Indian Defence undertaking Public Sector shipbuilding company.
Armed with a management degree, her corporate experience has given her an opportunity to have been a proven leader with demonstrated success in building market strategies, identifying & acquiring key accounts & fostering customer relationships through structured engagement, customer focus & team management.
Her current position as VP Sustainability, she is engaged to promote the ESG agenda and actively contributes in providing sustainability management solutions. She firmly believes that business-decision making approach is not just maximizing profit or financial value only but to an integrated value, which combines financial, social, and environmental value.
Neelima cherishes the goal to combine her range of experience and abilities to be an enthusiastic, intelligent and compassionate person who will make a positive contribution towards a sustainable society.

Krishna Vallapu

Krishna Vallapu is a technology evangelist and Entrepreneur, graduated from Nagarujuna University and trained in IIM, Ahmedabad. Proven track record in building futuristic products, surpassing goals, and expectations for quality. Superior expertise with developer supervision and client relations. Out of box thinker who thrives in collaborative environments, working across business and technical teams.

Inder Davalur

Inder has an MBA in Finance in India. Utilizing his Finance background he rose through the ranks in the banking sector in the US and then after receiving his MS in Healthcare Services Administration he started his career in healthcare at the Tufts Medical Center, Boston. 

Inder’s growing understanding of the expanding role of technology in healthcare caught the attention of the bureacracy and was invited to work on the Patient Privacy and Electronic Records Committee for the State of Massachusetts and later on at the State of Georgia Department of Health and Human Services. These were in the years immediately preceding the development and roll-out of Health Insurance Portability and Accountability Act (HIPAA).

Sensing a rise in ERP movement, Inder joined a software company and worked on managing ERP solutions projects in the manufacturing sector where his clients included the Coca Cola Company, Sara Lee, International Paper, Siemens (Canada) etc .

In 2008 he came to India with the aim of realizing his cherished dream of working in India. He served as the CEO of a EMR software company, and later on led the Digital Transformation at several hospital groups as a group CIO and Vice President. Inder has to his credit, several published articles in national and international healthcare technology management and as an invited speaker at various private and government conferences. He has also been cited in several articles and studies including one at the National Library of Medicine in the USA. 

In his spare time Inder indulges in travel and reading.

Puru Modani

A versatile and passionate leader with 20+ years of expertise in IT Business & Product Strategy, Market Access & Distribution models and Talent Acquisition. Seasoned Investor.  Founded multiple successful businesses & Angel Networks.

An IIM – K alumnus, before embarking on his successful multi sector entrepreneurship journey, Puru served various Fortune 500 companies in Senior Leadership roles. His last corporate stint was with Bank of America.

Suraj Teja P.

Suraj is an entrepreneur, with more than 2 decades of experience in creating various successful enterprises, a seasoned investor funded multiple startups, specialize in creating healthcare delivery infrastructure, board member and strategic advisor, skilled in Healthcare, Telecom, IT Strategy and Market outreach.

Naveen Kadiyala

A Technology Leader and Entrepreneur with a proven track record of building and managing innovative solutions in digital content delivery. Demonstrated history of delivering strategic solutions in Cable, Media & Entertainment industries. Expertise in building interactive ad solutions, advertising platforms, Live Streaming(QAM, OTT, PPV), subscription-based Video (SVOD, AVOD, TVOD) services, Cloud DVR, and Broadband/WiFi services at scale across a multitude of infrastructure options(On-Prem, Hybrid Cloud, Cloud Native, Cloud Agnostic). A strong business development professional and an entrepreneur at heart with a Master of Technology focused in Computer Science from Birla Institute of Technology.

Prabir Mishra

An Investment Banker, Startup coach, Mentor, Strategic planner. Sector expertise  Social, Agritech, Edutech, Healthcare, eGov Strategic Planner, M&A, Transaction Structuring, negotiations and valuation, An IIM-A Alumni with more than two decades of experience.