CO2 & Carbon Credits – Overview

What is CO2?

CO2 is the chemical abbreviation for Carbon Dioxide, which is a natural gas emitted by all living species on the planet. Our air is a combination of different gases such as O2 (Oxygen) and CO2 (Carbon Dioxide) which naturally exist in an equilibrium creating the live friendly sphere that we all live in.

The existence of this gas per se is not a problem, however if there is too much CO2 released into the air, as it is the case these days because of airplanes, cars and other emitting causes in combination with deceasing amounts of plants to filter the air as a result to deforestation, the natural equilibrium of gases and chemicals in the environment gets disrupted, leading to environmental changes and problems, such as global warming and climate change.

What are Carbon Credits?

Carbon Credits are a way for organizations and companies to manage their Carbon emissions. A Carbon Credit is a specific amount of CO2 Emissions that is converted into the price of a dollar.

This means that a certain amount of CO2 Emissions stands for a specific amount of money. By buying a Carbon Credit, a company can compensate for their CO2 Emissions. The money spent on a Carbon Credit is used for projects and products that fight negative impacts of CO2 Emissions and promotes climate friendly businesses that help reduce overall Carbon Emissions in the future.

How does Carbon Emission Compensation work?

Although more and more organizations focus on business models and operations causing as little Carbon Emissions as possible, it is nearly inevitable to produce no CO2 at all.
Therefore most companies search for a way to make up for their Emissions. This can be achieved through Carbon Emission Compensation, where organizations buy Carbon Credits.

The money paid for a carbon credit is used for sustainable projects or climate friendly projects that add towards efforts to reduce overall CO2 Emissions.

This means that a company supports efforts and projects promoting sustainable business ideas, products and other solutions that help to lower overall CO2 Emissions in the future through the Carbon Credits they buy.

In this way they can make up for the Emissions they produce as they finance overall lower CO2 rates in the future.

How does the ECOCA contribute to CO2 reduction?

The ECOCA is an electric cookstove running exclusively on solar-power, meaning that its usage does not produce any smoke or pollutants and therefore no CO2 Emissions. It replaces conventional cooking practices such as burning firewood and charcoal which produce CO2.

Companies and organizations can buy Carbon Credits from different partners, campaigns and CO2-committed companies and PESITHO as a partner or affiliate to these projects and companies, can make use of this financial support through providing and producing more ECOCA cookstoves and ultimately deliver more climate friendly cooking solutions for families in need.