The Climate Clock is divided into two sections. The red Global Warming Deadline indicates that in order to have a chance of staying under the critical threshold of 1.5°C warming, we must achieve near zero emission in less than seven years. The blue Renewable Energy Lifeline shows the % of global energy coming from renewable sources which is rising, but not nearly fast enough.
Carbon Neutral
Our in-house Sustainability team works closely with the One Carbon World organisation to deliver a multi-faceted programme focused on measuring and reducing Green House Gas (GHG) emissions which is designed to deliver outcomes beyond carbon-offsetting and Earth Capital has been awarded with Carbon Neutral International Standard status. The reporting is carried out in line with the requirements of the Green House Gas (GHG) Protocol Corporate Standard and is compatible with international standards ISO 14064 and PAS 2060.
Any off-sets were made through the following:
- The UN Clean Development Mechanism (CDM) platform enables emission-reduction projects in developing countries and operates under the Kyoto Protocol. The CDM is the main source of income for the UNFCCC Adaptation Fund, which was established to finance adaptation projects and programmes in developing country Parties to the Kyoto Protocol that are particularly vulnerable to the adverse effects of climate change. Each project goes through a strict vetting process and is directly overseen by the United Nations.
- Certified emission reduction (CER) carbon credits from the United Nations Clean Development Mechanism which were retired in our organisation's name.
The work around our operational carbon footprint is consistent with the need for all businesses to transition to a net zero climate impact. The IPCC’s definition of carbon neutrality (net zero CO2 emissions) is “a state of balance between the CO2 emitted into the atmosphere and the CO2 removed from the atmosphere.” We continue to work with One Carbon World to measure, reduce and then offset our carbon footprint to attain Carbon Neutral International Standard status. The annual process of measuring and offsetting our carbon footprint has shown a substantial decrease year on year.