Financial Instruments of Environmentally Friendly Solutions for Voluntary Carbon Offsetting

Magomed Tashtamirov

2022

Abstract

It is now recognized that social problems, including climate change and rapid urbanization, growing demand for food and water, as well as increased risk of natural disasters, can lead to abrupt and in some cases irreversible environmental changes that negatively affect human development. The traditional approach is to use engineering solutions that are designed and managed in such a way that they are easy to implement, easy to reproduce and provide predictable results, for example, large-scale physico-chemical biofiltration processes used to purify air and water. An alternative approach is to use nature based solutions (NBS) that use ecosystems and the services they provide to solve society’s problems in sustainable ways. This work is devoted to the tools and methods of financing projects based on nature based solutions. Credit methods of financing projects for the decarbonization of society are considered, their features and specifics are revealed, types of standards for the implementation of credit offsets are determined. Corporate steps are proposed in order to achieve carbon neutrality based on the use of credit offsets.

Paper Citation

in Harvard Style

Tashtamirov M. (2022). Financial Instruments of Environmentally Friendly Solutions for Voluntary Carbon Offsetting. In Proceedings of the 1st International Conference on Methods, Models, Technologies for Sustainable Development - Volume 1: MMTGE, ISBN 978-989-758-608-8, SciTePress, pages 327-331. DOI: 10.5220/0011571300003524

in Bibtex Style

@conference{mmtge22,
author={Magomed Tashtamirov},
title={Financial Instruments of Environmentally Friendly Solutions for Voluntary Carbon Offsetting},
booktitle={Proceedings of the 1st International Conference on Methods, Models, Technologies for Sustainable Development - Volume 1: MMTGE,},
year={2022},
pages={327-331},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011571300003524},
isbn={978-989-758-608-8},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on Methods, Models, Technologies for Sustainable Development - Volume 1: MMTGE,
TI - Financial Instruments of Environmentally Friendly Solutions for Voluntary Carbon Offsetting
SN - 978-989-758-608-8
AU - Tashtamirov M.
PY - 2022
SP - 327
EP - 331
DO - 10.5220/0011571300003524
PB - SciTePress