Climate change is our responsibility and stopping it is the most important task of our lifetime. We need more ambitious politics, responsible companies, and solutions for individuals to fight climate change. The most important thing is that the amount of carbon dioxide in the atmosphere does not increase. Compensate is a non-profit foundation that was established to fight climate change together with people and companies.
Humankind has for decades created carbon emissions by burning fossil fuels - oil, coal and natural gas. Now there is too much carbon in the atmosphere and as a result the climate is changing. That is why we need to radically cut our emissions. At the same time, we need to remove carbon from the atmosphere as well. This is possible, for example, by capturing carbon into forests or soil.
Reducing our carbon emissions is the primary way to fight climate change. As long as we are creating emissions, we should bear our responsibility and pay for carbon to be captured the same amount as we are creating. That is why we are creating a system that sets a price for the damage we are causing. The payments are used to repair the damage, ie. reducing the amount of carbon in the atmosphere.
Compensate's purpose is to prevent climate change and reduce the amount of carbon dioxide in the atmosphere. The foundation uses the compensation payments in full to purchasing emissions reduction units. Compensate foundation owns 100 % of Compensate non-profit operations Ltd which is responsible for the daily operations of the foundation.
The activities of the foundation or the limited liability company are not financed with the compensation payments. As our operations grow, we will charge a license fee from our partner companies which helps to secure the activities of the foundation.
To ensure transparency and reliability, we show our bank statements, certificates of the emission reduction units and their invoices.
We purchase emission reduction units with the compensation payments when our account has accumulated the required amount of money.
Here you can find answers to the most frequently asked questions.