Carbon credits correspond to a determined tradable quantity of greenhouse gas (GHG) emissions. They are normally quoted in metric tons of carbon dioxide equivalent, and are used to offset emissions from the combustion of fossil fuels in any process that uses energy that emits GHGs, whether in industry, transportation or the household. Carbon credits are used in signatory countries to the Kyoto Protocol to meet emission reduction targets.

80% of your money goes to the project to pay for implementation, maintenance, validation, verification and certification, and the retirement of carbon credits in the carbon market – a multitude of steps that ensure the quality of our services. This figure puts us close to the top among offsetting companies in terms of the efficiency in the use of funds. Our financials are audited on an annual basis.

The remaining 20% go towards essential operating costs, including website maintenance, printed materials and customer service. Since both Planetair and myclimate are not-for-profit initiatives, any excess money is reinvested in the fight to reduce global warming. Our financial accounts are audited on an annual basis.

Businesses can write off offsets as part of their cost of doing business. Since Planetair is not a registered charity but a not-for-profit organization, the Canada Revenue Agency unfortunately does not currently offer deductions for carbon offsets for individuals.

No. Your money is an investment in sustainable energy.