UN carbon credits to fund adaptation

Fri, 11/07/14

Staff with the UN climate change secretariat are as of today signing up to an innovative campaign aimed at promoting a long term vision of a climate neutral world while generating useful funding for vulnerable communities.

The campaign involves staff members and their families using UN certified carbon credits, so called (CERs), to address personal emissions above and beyond their current efforts to reduce emissions at home and at work.

In future, a similar campaign will look beyond the secretariat to include local governments, companies and individuals interested in achieving climate neutrality.

Starting in July, staff members can offset their remaining greenhouse gas (GHG) emissions using CERs produced by emission reduction projects ranging from clean cookstove projects, to wind energy, to
industrial projects registered under the UNFCCC’s clean development mechanism (CDM).

"This is just the start. We are looking at ways to allow others to offset with UN certified offset credits"

- Christiana Figueres, Executive Secretary, UNFCCC

Staff members will purchase credits from the Adaptation Fund, which is funded by a two per cent levy on all issued CERs. In the past three years, the Adaptation Fund has dedicated USD 226 million to aid climate resilience in nearly 40 countries.

Christiana Figueres, Executive Secretary of the UNFCCC, said: “There are many ways in which we can all contribute to climate action in order to meet the goal of staying under a two degree C temperature rise. Individuals can and should make wise choices on what they buy, how they get around, what they eat and the kind of energy they use to power their homes. After these efforts, some emissions associated with our daily life still remain. This new campaign offers the opportunity to offset those remaining emissions, moving us towards a low carbon, indeed a climate neutral, life.”

UN carbon credits contribute to climate change adaptation fund.

“Offsetting is not a silver bullet, nor an alternative to the deep and decisive emission reductions that economies and communities have to make now and into the future. But offsetting has a part to play and in doing so can generate some of the funding needed for clean energy and adaptation projects in developing countries, to assist them in their ambition for a cleaner, healthier, more prosperous world,” she added.

“Today, staff members at the UNFCCC are contributing to the campaign but this is just the start. We are currently looking at ways to easily allow others, for example individuals, companies, cities, events, and the wider UN system, to calculate their emissions and carry out a simple transaction to offset them with a broad range of available UN certified offset credits,” said Ms. Figueres.

Categories: Offsets