What to Know About Buying Carbon Offsets
Kanebridge News
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,516,817 (-0.06%)       Melbourne $971,359 (-1.00%)       Brisbane $819,969 (+2.77%)       Adelaide $731,547 (+1.72%)       Perth $621,459 (+0.34%)       Hobart $751,359 (-0.46%)       Darwin $633,554 (-4.02%)       Canberra $1,005,229 (+2.77%)       National $966,406 (+0.40%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $700,089 (-0.30%)       Melbourne $470,277 (-0.26%)       Brisbane $404,718 (+2.58%)       Adelaide $332,602 (+1.44%)       Perth $348,181 (-0.09%)       Hobart $551,005 (+2.68%)       Darwin $355,689 (-3.55%)       Canberra $477,440 (+4.12%)       National $484,891 (+0.89%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 8,451 (-507)       Melbourne 12,654 (-279)       Brisbane 9,158 (+847)       Adelaide 2,765 (-40)       Perth 9,974 (+39)       Hobart 595 (+36)       Darwin 247 (-1)       Canberra 666 (-49)       National 44,510 (+46)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 8,895 (+164)       Melbourne 8,149 (-24)       Brisbane 2,260 (+33)       Adelaide 649 (+5)       Perth 2,489 (-21)       Hobart 101 (-3)           Canberra 430 (+13)       National 23,351 (+167)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $630 $0       Melbourne $470 $0       Brisbane $460 ($0)       Adelaide $495 (+$5)       Perth $500 ($0)       Hobart $550 $0       Darwin $600 ($0)       Canberra $700 ($0)       National $562 (+$)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $540 (+$10)       Melbourne $410 (+$2)       Brisbane $460 (+$10)       Adelaide $380 $0       Perth $440 (-$10)       Hobart $450 $0       Darwin $500 ($0)       Canberra $550 $0       National $473 (+$2)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,470 (-50)       Melbourne 7,404 (-70)       Brisbane 1,986 (-122)       Adelaide 875 (-29)       Perth 1,838 (-38)       Hobart 254 (+18)       Darwin 70 (-3)       Canberra 388 (+17)       National 18,285 (-277)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 10,652 (+58)       Melbourne 9,001 (-180)       Brisbane 1,567Brisbane 1,679 (-62)       Adelaide 403 (+4)       Perth 1,050 (-21)       Hobart 87 (+1)       Darwin 131 (-10)       Canberra 453 (+43)       National 23,344 (-167)                HOUSE ANNUAL GROSS YIELDS AND TREND       Sydney 2.16% (↑)      Melbourne 2.52% (↑)        Brisbane 2.92% (↓)       Adelaide 3.52% (↓)       Perth 4.18% (↓)     Hobart 3.81% (↑)      Darwin 4.92% (↑)        Canberra 3.62% (↓)       National 3.03% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND       Sydney 4.01% (↑)      Melbourne 4.53% (↑)        Brisbane 5.91% (↓)       Adelaide 5.94% (↓)       Perth 6.57% (↓)       Hobart 4.25% (↓)     Darwin 7.31% (↑)        Canberra 5.99% (↓)       National 5.07% (↓)            HOUSE RENTAL VACANCY RATES AND TREND         Sydney 1.5% (↓)       Melbourne 1.9% (↓)       Brisbane 0.6% (↓)       Adelaide 0.5% (↓)       Perth 1.0% (↓)     Hobart 0.8% (↑)        Darwin 0.9% (↓)       Canberra 0.6% (↓)     National 1.2%        National 1.2% (↓)            UNIT RENTAL VACANCY RATES AND TREND         Sydney 2.3%ey 2.4% (↓)       Melbourne 3.0% (↓)       Brisbane 1.3% (↓)       Adelaide 0.7% (↓)     Perth 1.3% (↑)        Hobart 1.2% (↓)     Darwin 1.1% (↑)        Canberra 1.6% (↓)     National 2.1%       National 2.1% (↓)            AVERAGE DAYS TO SELL HOUSES AND TREND         Sydney 31.2 (↓)       Melbourne 30.9 (↓)       Brisbane 35.7 (↓)       Adelaide 27.6 (↓)       Perth 40.5 (↓)       Hobart 30.2 (↓)       Darwin 27.1 (↓)     Canberra 28.1 (↑)        National 31.4 (↓)            AVERAGE DAYS TO SELL UNITS AND TREND         Sydney 33.7 (↓)       Melbourne 32.6 (↓)       Brisbane 34.8 (↓)       Adelaide 29.5 (↓)       Perth 46.6 (↓)       Hobart 27.4 (↓)       Darwin 38.2 (↓)       Canberra 30.2 (↓)       National 34.1 (↓)           
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What to Know About Buying Carbon Offsets

The purchases help consumers address climate change by seeking to ease the emissions impact.

By VERONICA DAGHER
Fri, Oct 29, 2021Grey Clock 3 min

Some consumers might feel eco-guilt about the takeout containers they have been throwing away or the additional packages they have been shipping from Amazon. Offsets are emerging as a way for people to mitigate the effects of shopping, shipping and travel.

There is no way to take back the carbon you have put in the air through activities such as driving your car or heating your house, and the surest way to reduce your carbon footprint is to drive, fly or buy less. Carbon offsets, created about 20 years ago, claim to provide a way for consumers and institutions to balance out their carbon footprint by investing in environmental projects that remove carbon-dioxide emissions from—or avoid adding them to—the atmosphere.

Offsets are easier than ever to buy online. The coming climate-change summit in Glasgow, called COP26, could put offsets on the radar of more consumers.

It is a tricky topic to navigate, though. The market for offsets isn’t regulated and the quality and authenticity of projects vary widely. It is difficult to know whether offsets purchased will actually make an impact on emissions, said Travis Miller, a stock analyst at Morningstar who specializes in energy and utilities.

Here is what to know about assessing and buying offsets now.

Who sells carbon offsets?

Carbon offsets are credits purchased from projects that are designed to reduce emissions of planet-warming greenhouse gases. These can include investing in a reforestation project in California or constructing cookstoves in Honduras, said Peter Miller, a director of climate and clean energy at the Natural Resources Defense Council.

Nonprofits are among the most reputable providers from which consumers may buy offsets, said Clint Henderson, senior news editor at The Points Guy travel website. Nonprofits such as Cool Effect and Carbonfund.org act as a bridge between people and the organizations that create and maintain carbon-reducing projects.

Offsets are measured and sold in metric tons of carbon-dioxide equivalent. One metric ton of carbon-dioxide equivalent is roughly equal to the size of a two-story house, said Dee Lawrence, co-founder of Cool Effect, which sells offsets to consumers.

Why do people buy carbon offsets?

Consumers can buy offsets to lessen carbon emissions for things as diverse as their vacation, the type of car they drive and the size of their house.

First, they can estimate the impact of their lifestyle—such as how much waste they dispose of, or how many loads of laundry they wash in hot water—by using an online calculator, such as the one from the Environmental Protection Agency or the Nature Conservancy. They could then buy offsets from a provider that sources emissions-reducing projects.

For example, if you fly 10,000 miles, you could buy offsets on Carbonfund.org for $20 to compensate for that flight’s emissions. The price of air-travel offsets is usually dependent on the length of the flight and the class of service, said Mr. Henderson at The Points Guy.

American Airlines gives fliers the option to buy offsets through a partnership with Cool Effect, such as when they purchase their tickets or after the flight. You can get an estimate of your air-travel emissions on Google Flights.

When an individual buys carbon offsets, that person’s money is typically pooled with others’, in a practice somewhat akin to crowdfunding. Together—by funding, say, a wind farm in rural Indiana—Mr. Miller at Morningstar said consumers can collectively reduce the amount of carbon going into the air.

How to know the value of an offset

Valuing offsets can be a bit “squishy,” said Mr. Henderson at The Points Guy. Consumers might never see the project firsthand, and they trust that the project they support is actually effective in reducing emissions.

To identify legitimate projects, look for those that clearly specify how emissions are reduced and reported, said Tensie Whelan, director of the Center for Sustainable Business at NYU Stern School of Business.

Generally, Prof. Whelan said, stay away from individuals selling offsets to their personal projects over social media or claiming to run an offset project that doesn’t have third-party oversight. Each metric ton of emissions consumers buy should have a unique serial number. That number helps ensure reductions aren’t resold and double counted, Prof. Whelan said.

Check that the project has permanence. For example, a project for fast-growing eucalyptus that will be cut down in 10 years would lack permanence. Also, make sure the project has independent third-party certification.

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Treechangers seeking a home and income should take note of this west coast property in picturesque Pickering Brook in the Perth Hills, which comes with its own live-in residents.

Known as ‘the Margaret River of the Hills’ the area boasts stunning bushland while being just 30 minutes from all the amenity Perth has to offer.

With eight bedrooms and 10 bathrooms, this property is a home and business, operating as a thriving day spa, Hidden Valley Eco Lodges and Day Spa.

The private main residence is made of rammed earth for thermal comfort and has three bedrooms, luxurious bathroom and a large open plan living area. A private jacuzzi on the spacious entertaining deck is the perfect spot for enjoying beautiful bushland views at the end of a long day.

For day spa guests, there are four deluxe spa treatment rooms serviced by qualified staff, a reception area and lounge plus a commercial kitchen. Overnight guests can choose from five lodges with fully equipped kitchen and heated jacuzzi. As a going concern with a consistently high annual turnover, it’s a unique opportunity for the right buyer.

Set over 5.46ha, the property is also home to a very special group of residents: a small herd of alpacas, which are included in the sale.

Price guide: $6.5 million

Inspection: By expression of interest

Agent: Susanne Broido, The Agency 0499 770 237