News

Articles, blogs and other stories about Compensate are updated here.

From Your Payment to a Carbon Dioxide Binding Tree? This Is How Compensate Works

How exactly does Compensate use your payments? How long do funds rest on Compensate’s bank account? Does someone get a percentage? With this blog post, we will answer all these questions – and maybe a few more!

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Compensate secures new funding to continue growth

With new funding, Compensate focuses on growth and expertise.

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Forest hires

One month of Compensate: Sweat, tears and carbon dioxide

Compensate launched a month ago on Friday the 24th of April. The air in the main hall was thick with carbon dioxide and aspiration as almost 700 people were immersed into the world of Compensate at the University of Helsinki. After that day the weeks have flown by and trees have begun to green, but what exactly has happened after the launch?

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In Finland, the Compensate Foundation is building a carbon negative everyday life in partnership with companies

The non-profit Compensate Foundation, founded by Antero Vartia (a former member of the Finnish Parliament) wants to offer a new way to combat climate change. The Foundation, together with partner companies, provides concrete means to halt climate change, aiming at systemic and structural reform on a global scale: a carbon negative world where each of us can make a real difference with our consumer choices.

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How does Compensate work?

Compensate's goal is to make carrying your share of climate responsibility as easy as it is to pay a VAT. Almost every time we consume something, we also generate emissions. But nothing justifies this dumping of carbon dioxide into the atmosphere. That is why we should be able to pay, as a part of our everyday actions as consumers, for more carbon dioxide to be absorbed from the atmosphere than our emissions generate.

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Who is responsible for the atmosphere?

Climate change is the greatest threat of our time and must be stopped. This is widely agreed. The debate becomes complicated when we talk about the actions we have to take. We often look for solutions we as individuals can distance ourselves from.

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Carbon dioxide can be removed from the atmosphere

A year ago, I was asked an interesting question: how much forest is needed to compensate for the amount of carbon dioxide that comes from burning one barrel of oil? I had no real idea, and my guess went completely off the mark.

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The fundamental defect in our system

Climate change is an indication that we’ve created a dysfunctional system. We have built a system that allows us to hurt others without facing the consequences. In economic terms: we have not set a price for the adverse side effects of our operations. If the sources of emissions were accountable for the damage they caused, we would not be facing anthropogenic climate change.

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Fairness of the change

If we want to maintain people’s well-being, we must find the ambition to prevent climate change. Also, mere ambition is not sufficient; we also have to find possible means.

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