Carbon Offsets : An analysis of various project types in relation to UN:s sustainable development goals

Greenhouse gasses, such as carbon dioxide and methane absorb and emit heat radiation, which contribute to global warming. Human activities such as increased emissions through burning of fossil fuels and deforestation drive this climate threat. International treaties such as the Paris agreement, enables stakeholders to mitigate effects of climate impact and create new sustainable markets. Various carbon offset projects on the voluntary market are an attempt to neutralize climate impact. In this report we identify five main project types for carbon offsets: i) forestry and land use, ii) renewable energy and energy effectivization, iii) transport, iv) waste handling and v) household devices. These project types are evaluated against UNs 17 sustainable development goals. The results show a net positive impact on goal 13, Climate action, for all project types, which is congruent with the focus on carbon offsetting. The results also show that impact varies depending on how the project is deigned. Climate offsetting has enabled multiple stakeholders to contribute to climate change mitigation. Despite many global benefits, carbon offsets have been subject to criticism in cases where the concept is not used as intended. There are currently no clear guidelines as to when focus for companies should shift from internal reduction to external reduction through offsetting. Validation of carbon offsets is another problematic aspect, as there is no one standard for the market to secure the quality of projects