yacht carbon offset ltd

Counteract Your Superyacht Carbon Footprint Today

Counteract the unavoidable greenhouse gas impact of your yachting activity today whilst preserving your cruising freedom, “helping the superyacht community to reduce its net environmental impact since 2008”.

Counteract the unavoidable greenhouse gas impact of your yachting activity today whilst enjoying some of the most beautiful places in the world.

Your partner in sustainable yachting.

At Yacht Carbon Offset, we are dedicated to transforming the superyacht industry to be a more responsible and environmentally friendly pursuit. Since 2008, we have been at the forefront of the superyacht industry’s quest to reduce its carbon footprint and embrace more sustainable practices. Our mission is clear: to counterbalance the environmental impact of the superyacht industry, one yacht at a time, making yachting more responsible and less impactful on our planet.

The Benefits of Establishing a Carbon Offset Programme

For less than €0.04 per litre, you can make a significant difference by offsetting your yacht’s carbon footprint. This small investment delivers powerful benefits, as experienced by our clients:

• Environmental responsibility with action: Many of our clients, especially those who share a passion for yachting with a concern for the environment, find great satisfaction in taking concrete action to balance their carbon footprint. Carbon offsetting allows you to enjoy your yachting experience while minimising your environmental impact.
• Enhance your brand reputation: For those with a high public profile (e.g. politicians, celebrities), or businesses with a strong environmental focus, carbon offsetting demonstrates your commitment to sustainability. This can significantly enhance your brand image and reputation.
• Competitive advantage in the charter market: Yachts marketed for charter can leverage carbon offsetting as a positive differentiator. Highlighting environmentally friendly practices in your promotional materials can attract eco-conscious clientele.
• Building stronger relationships with local authorities: Carbon offsetting can help to foster positive relationships with ports and local authorities. In the future, these efforts may be directly recognised through affinity programs, discounts, or priority schemes.

Carbon offsetting is an efficient tool that enables the superyacht community to take concrete steps towards reducing the impact of its carbon footprint. It is the process of compensating for unavoidable greenhouse gas emissions by investing in projects that generate clean energy and support sustainable initiatives.

We work with you to identify emission sources related to your yachting activity, including CO 2 , CH 4 , and N 2 O emissions from fuel, power consumption, and more.

We utilise our bespoke carbon footprint calculator to determine the greenhouse gas (GHG) emissions associated with your yachting activity.

Project Selection

We select high-quality projects aligned with your preferences in terms of location and technology. These projects support significant reductions in greenhouse gas emissions and often benefit communities in developing countries.

To complete the carbon offset transaction, we retire the necessary carbon credits from international registries. This action effectively neutralises your emissions, ensuring a one-to-one offset.

Certificate

Following the offset transaction, we issue personalised Yacht Carbon Offset Certificates . These certificates outline the specific emission sources and the chosen offset project, and we can tailor them to align with your disclosure preferences.

Carbon offsetting is an efficient tool that enables the superyacht community to take concrete steps towards reducing the impact of its carbon footprint. It is the process of compensating for unavoidable greenhouse gas emissions by investing in projects that generate clean energy and support sustainable initiatives. At Yacht Carbon Offset, we have harnessed this tool to help superyacht owners, captains and yacht managers to make a positive impact on the environment.

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Superyacht owners urged to make recompense for their fuel use

Boat owners who can still afford to use large quantities of marine diesel are being urged to consider offsetting their carbon footprint by contributing to afforestation, renewable energy, energy efficiency programmes and methane recovery. If the increases in fuel prices are not enough disincentive, a London based organisation is available to help you make amends for your leisure fuel use, by offering carbon offset certificates that correspond with your carbon dioxide emissions.

Yacht Carbon Offset will estimate the carbon dioxide equivalent emissions attributable to the fuel quantities used and identifying appropriate Carbon Offset projects to make up for your excesses.

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YACHT CARBON OFFSET LIMITED

Company number 06452739

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Corporate climate targets group steps back from carbon offsets controversy

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The world’s leading arbiter of corporate climate targets issued research finding the use of carbon offsets in climate goals was mostly “ineffective”, as it attempted to move beyond a backlash from staff and climate experts.

The Science Based Targets initiative leadership has faced heavy criticism over a push to allow wider use of the carbon offsets, generated by projects such as tree planting and cleaner cooking stoves, which are meant to reduce emissions or remove carbon dioxide from the atmosphere.

Its chief executive Luiz Amaral resigned last month citing personal reasons. This followed a staff revolt over a proposal in April to allow companies to use carbon offsets more widely, which shook its credibility and cast a spotlight on its backers including the Bezos Earth Fund.

The group will now decide next year to what extent companies can use offsets in climate targets. Many corporations have struggled to make headway in cutting their emissions, and turned to offsets as a solution.

In a paper published as part of consultations into next year, SBTi said the evidence showed “there could be clear risks to corporate use of carbon credits for the purpose of offsetting”, including the “potential unintended effects” of hindering the shift to net zero and reducing climate finance.

At present, the SBTi standards allow the use of offsets for the “last mile” or just 10 per cent of emissions in company plans, with the remaining 90 per cent to come from direct cuts in pollution from their own operations.

An SBTi synthesis of existing research included studies that found only 12 to 33 per cent of carbon credits delivered their stated climate benefits to corporate buyers.

However, the body said more research was needed before it could draw final conclusions.

The research, which will inform the revision to SBTi’s standard for corporate climate change plans, still leaves the door open to the use of instruments similar to carbon offsets in its updated policy.

In this framework, known as Beyond Value Chain Mitigation, the qualifying activities can include projects such as protecting existing forest cover or installing heat pumps in cold climates, according to Juliette de Grandpré, a member of SBTi’s technical advisory group.

These activities “may represent preferable models” for accelerating climate finance, SBTi said. One potential difference to offsets was in how companies could integrate BVCM activities into their emissions claims, by accounting for them separately, it suggested.

The SBTi began as a collaboration between non-profit groups, but as it expanded, it raised funds from private philanthropic interests, including Bezos, the Ikea Foundation and the Laudes Foundation.

On the conflict between the board and the staff, SBTi interim chief executive Susan Jenny, previously the chief legal officer, said there was a distinction between the role of the board and SBTi policies.

The board was “giving a strategic steer”, she told the Financial Times. “The board doesn’t dictate what the technical team does,” Jenny said. “The board encouraged them to take carbon credits into consideration.”

The research papers published on Tuesday will be formed into a draft standard by the end of the year, codified into proposed requirements, and presented to SBTi’s technical council for review, according to chief technical officer Alberto Carrillo Pineda, before going for public consultation. It will be late 2025 before any updated standard will be in effect.

Thomas Day, a carbon market analyst at the NewClimate Institute, welcomed the research as a step forward. “We have often criticised the SBTi for drifting too far from its science-based mantra. But the papers published today stick to the science in ruling out offsets and exploring improvements to the standard, putting the SBTi back on track,” he said.

The evidence-based approach to carbon offsets was “a clear rebuttal of the board’s statement in April, where specific individuals tried to bulldoze through a proposal that did not have any internal support,” said Gilles Dufrasne, policy lead on global carbon markets at Carbon Market Watch.

The research is particularly critical of a framework for carbon offsets known as Redd+, or reducing emissions from deforestation and forest degradation. Studies had made “directly opposing findings on the effectiveness of Redd+”.

It noted that this specific category of credits was “generated based on a counterfactual baseline scenario of future deforestation, meaning there is inherent uncertainty associated with this type of credit”.

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Ariel Re issues cat bond with carbon offset feature

• by Matthew Lerner

• Catastrophes , P/C Insurers , Reinsurance
• Feb 27, 2023

Bermuda-based reinsurer Ariel Re Ltd. on Monday said it has completed the catastrophe bond Titania Re III, with an option to buy carbon offset options from a qualified provider to generate carbon credits in the event of a significant hurricane or earthquake.

The catastrophe bond is the third issuance from Titania Re Ltd. Series 2023-1 Notes.

Titania Re III provides Ariel Re with $125 million of collateralized reinsurance cover for named storms and earthquakes in all U.S. states, Puerto Rico, the U.S. Virgin Islands and Canada with an industry loss trigger over three years, a statement said.

Ariel Re also said it will seek to buy carbon offset options from a qualified provider to generate carbon credits in the event of a significant hurricane or earthquake that requires a large number of homes, commercial properties and vehicles to be replaced.

The catastrophe bond closed on Feb. 23, with Howden Tiger Capital Markets and Advisory acting as sole structuring agent and joint bookrunner, with Aon Securities LLC acting as joint bookrunner.

Ariel Re, with offices in Bermuda, London and Hong Kong, operates principally through Syndicate 1910 in London and also offers access to Lloyd’s Europe via Syndicate 5336, the statement said.

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