New Income Streams From Carbon Offsets

New Income Streams From Carbon Offsets

Banananomics recently discovered that there are federal grants that will pay for CO2 reduction projects. However, it gets better. Those CO2 reduction projects can be used to issue carbon offsets. This is like stock but better, as selling carbon offsets does not dilute your ownership.

Why it matters: Every company with a rooftop or vacant land can create a CO2 reduction project that lowers energy costs by 90% while providing a new income stream.

Almost out of time: The Biden administration issued most of the federal grant programs for clean energy. Come November, a new President will be elected, and it is yet to be seen if they will continue with these programs. 

Carbon offsets: A carbon offset is a transferable instrument certified to represent an emission reduction of one metric tonne of CO2. These are certified by a third party and must be documented in detail. Banananomics does this for you.

Follow the money: Currently, the price of a carbon offset in Europe is a staggering $100 per metric tonne of CO2. In the US, it's a respectable $30. This means that for many companies, selling their carbon offsets could generate hundreds of thousands of dollars, all without sacrificing equity.

Who buys carbon offsets: Traditionally, companies that need to reduce their carbon footprint buy them. However, recently, investors have become interested in creating carbon portfolios. The reason is that the cost of these commodities is expected to increase as we get closer to 2030 and all renewable energy laws come into full effect.

Ready to dive in? To learn how you can reduce costs while creating new income streams, take the Carbon Survey. If you're interested in learning how to buy carbon offsets for your portfolio, email us at [email protected], and we'll help you through the process.