FairClimateFund is an enthusiastic supporter of "Sail to the COP", an initiative of 36 young environmentalists who want to draw attention to sustainable travel. The sailing trip is part of a year-long (media) campaign for policy change at national and international level. The goal is to accelerate the transition to a sustainable and fair travel industry.
On November 1 it was announced that the UN climate conference in Chile was being relocated to Spain, unfortunately too late for sailors to return to Europe. The COP25 is currently in full swing in Madrid. How are the young activists doing now and how are they continuing their campaign from South America? You can read this in their latest blog>
FairClimateFund is also not present at the COP this year. To save on CO₂ emissions from a trip to Madrid, we follow developments during the COP with great interest from the Netherlands. An important agenda item of this COP is the way in which carbon markets must work. Proponents argue that these markets are necessary to meet the Paris objectives and opponents believe that the carbon markets do not result in a CO₂ reduction net. It is often seen as an excuse by opponents to continue with "business as usual".
What is the vision of FairClimateFund?
Firstly, we are in favor of a well-regulated and transparent market. For us, well-regulated means that only climate projects are qualified that would not have been realized without the income from carbon credits, in other words. Double counting is of course excluded. FairClimateFund has been supplying carbon credits for 10 years for a fair cost-effective price per tonne of CO₂ reduction.
Secondly, we are in favor of reducing CO₂ first and only compensating for the remaining emissions. We also encourage companies and organizations to work in this way. Moreover, the minimum price that we apply for CO₂ credits to cover the costs of a climate project gives companies sufficient financial incentive to first reduce their CO₂ emissions themselves. And this in turn helps people who are most vulnerable to the consequences of climate change and who have not contributed to this themselves.