Head of Research: The component shortage remains for years

Charlie Taylor

Climate compensation is not to buy oneself free from one’s climate responsibility

Published: 17 May 2022, 09:00 Updated: 23 May 2022, 09:43Climate compensation is part of the development towards sustainable solutions for the future. With the help of the financing that climate compensation entails, new climate projects can be developed to reduce the climate impact. Jens Olejak, CEO of South Pole Sweden and Head Climate Solutions Nordics, believes in the importance of not seeing climate compensation as a paper product but as what it is – a means of financing projects to reduce or sequester carbon dioxide. – There is a misconception that climate compensation means that you buy yourself free from your climate responsibility. But it could not be further from the truth, says Jens. The rights purchased for climate compensation enable the development of climate projects to increase the transition to a low-carbon society. To reach NettoNoll as a company, it is important to include climate compensation as part of its climate strategy. Regardless of which business you operate in, the companies’ emission reductions will not be sufficient to reach NettoNoll in line with SBT and the Paris Agreement. – Our customers have very ambitious goals linked to their climate strategy. To achieve their goals, they also need climate compensation. Regardless of business, a certain amount of emissions will occur, even if you are good at reducing these. But the goal is of course that the need for climate compensation should decrease over time. Thanks to climate compensation, developing countries can take part in the journey towards a low-carbon society and contribute to climate change. South Pole has developed over 800 projects since its inception in 2006, where projects linked to carbon sequestration via nature-based solutions, but also technical innovations, are currently in great focus. It is also important to avoid future emissions through, for example, renewable energy projects, in which South Pole has played a major role over the past 15 years. As the only active project developer in the Nordic region, South Pole has the opportunity to take a holistic approach to its customers in their climate strategy work. . With expertise in both strategic support and development of sustainable projects that make a difference to the climate and the project’s immediate area, South Pole provides clear results for its customers. – We see that demand for our services is constantly increasing, to meet market needs we now expand the organization with new skills. Climate and sustainability is one of the most important issues we have before us, and we have significantly less time than we expected to make the climate improvements needed to achieve the goals of the Paris Agreement. It’s time to act!South Pole mission
South Pole streamlines and drives the transition to a climate-smart society. With a global team, with over 800 social entrepreneurs, innovative tailor-made solutions are developed to meet the needs of organizations and the structure of society. South Pole are experts in the rapidly changing climate policy and its regulations. To South Pole Sweden’s offerThe article is produced by Brand Studio in collaboration with South Pole and not an article by Dagens industri

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