A carbon offset is a credit for negating or reducing the impact of emitting a tonne of carbon dioxide by paying someone else to absorb or avoid the release of a tonne of CO2 somewhere else. Carbon offsets are measured in metric tonnes and one carbon offset represents the reduction of one metric tonne of carbon dioxide or its equivalent in other greenhouse gases. Offsets usually involve financial support for projects that reduce the emission of greenhouse gases in the short- or long-term, such as wind farms, tree planting or hydroelectric dams. See also Carbon and Greenhouse Gases.« Back to Glossary Index
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.