A tree can absorb as much as 48 pounds of carbon dioxide per year and can sequester 1 ton of carbon dioxide by the time it reaches 40 years old. That's about 22 kg / yr or 455 kg / lifetime for the Imperial-challenged. The calculator assumes greenhouse gas emissions of ¼ [metric] tonne CO2 equivalent per hour flying.
In this way, what are carbon offsets?
A carbon offset is a reduction in emissions of carbon dioxide or greenhouse gases made in order to compensate for or to offset an emission made elsewhere.
What are the carbon credits and how do they work?
So, in a nutshell, carbon credit (often called carbon offset) is a credit for greenhouse emissions reduced or removed from the atmosphere from an emission reduction project, which can be used, by governments, industry or private individuals to compensate for the emissions they are generating.
Are carbon offsets tax deductible?
Sure, it costs money to buy the offsets. Some of the organizations offering them, however, are 501(c)(3) nonprofits, meaning your purchase may be tax deductible. And some businesses feel purchasing carbon offsets is a way to assure customers they are doing all they can to compensate for their pollution.