Transparency — We expect that any offset we purchase can prove without doubt and in the open that an individual credit can not be "double counted", or purchased more than once.
Permanence — We do not buy credits when there is not a strong guarantee that the unit or drawdown will not be permanent, or is liable to be undone.
Additionality — We only buy credits when the supplier can clearly prove that by facilitating this activity, more carbon was drawn down than would have been.
Monitoring and Verification — Credit minters that take all of the above seriously will take steps to clearly publish their processes for ensuring captured carbon stays where it should.
We're careful to buy Renewable Energy Credits (RECs) and offsets that are in near proximity to us. Unfortunately, a lot of wind power RECs that are bought to offset electricity usage are from Texas, where wind energy is really cheap due to a deregulated market, and wide open land to build such farms.
This ultimately hurts our environment: purchasing low-price RECs creates more demand, cheapening the price of carbon in Texas, and creating less incentive for suppliers in your home state to invest in clean technology.
Based on our research and calls with people in various aspects of the sustainability industry, we have decided not to invest in any direct air capture (DAC) technologies yet. This technology is still in early development.
A challenge with DAC technologies is that they only capture the carbon from the biosphere, but they do not bury it into the ground to the geosphere. In order to achieve negative emissions, you have to move more carbon from the biosphere to the geosphere than the reverse. A potential solution is to combine DAC technologies with carbon sequestration, so that the carbon captured from the air, the biosphere, can be moved into the ground, the geosphere. This would achieve negative emissions. DAC technologies are likely not burying carbon because it is not a profitable business, but selling the captured carbon to greenhouses is (source).
We believe that direct air capture technologies will be important on a longer timeline once further developed, and we'll continue to follow the progress. We're excited to one day invest in this technology once it is further developed.
Studio Carbon Negative was initiated by Sanctuary Computer. Get in touch if you would like to know more information about Studio Carbon Negative.→ Visit Sanctuary Computer