Climate Austria is a product of Kommunalkredit Public Consulting (KPC). KPC is in charge of managing Climate Austria and relies on many years' experience with climate protection projects in Austria and abroad. A steering committee supervises the selection of projects and the use of funds. In an effort to ensure transparency, all activities of Climate Austria are regularly evaluated by an external third party. The Austrian Federal Ministry of Sustainability and Tourism supports the activities of Climate Austria. Climate Austria works with Austrian Airlines and the Vienna Airport in matters related to CO2 offsetting due to air travel.
Use of funds
Your contribution will be held in a separate fiduciary account of Kommunalkredit Public Consulting who manages the operations of Climate Austria.
Your contribution to climate protection projects will be paid out only after the project in question has been successfully implemented. Should one of the climate protection projects we support not meet the agreed-on expectations, these climate protection projects will be replaced by other eligible climate protection projects.
Our guiding principle is maximum transparency, both in the selection of projects and in the efficient use of your contribution in line with your specifications. This transparency is reflected by the publication of all climate protection projects supported by Climate Austria on our website. International climate protection projects are additionally disclosed on the official website of the Gold Standard, the Verified Carbon Standard or the Framework Convention on Climate Change.
Every energy source is matched with a CO2 emission factor that will be used for the calculation: CO2 emissions = energy consumption x CO2 emissions factor
The emissions calculator not only calculates the CO2 emissions caused by your activities, but also the amount required to offset it by investing in climate protection projects: your contribution in euro = CO2 emissions x price
This portfolio approach ensures that there will be a balanced mix of climate protection activities, both in terms of region and technology. The use of different technologies and the degree of development of these technologies in the host country of specific climate protection projects translate into varying levels of offsetting costs per ton of CO2. For the purpose of CO2 compensation under the Climate Austria initiative, Kommunalkredit Public Consulting guarantees, via the portfolio approach, a standard average price per ton of CO2 across all host countries and technologies. This price is calculated on the basis of the CO2 abatement costs of all supported climate protection projects while taking into consideration standard market prices on the international CO2 market. The CO2 calculator will then multiply this average price with the CO2 output of your activity, which will equal the contribution proposed by Climate Austria for the carbon offsetting of your electricity, heating or transportation needs.
OUR CLIMATE AUSTRIA TEAM
Mag. Petra Fleischmann
Department Head Central Services
T: 01/31 6 31-332
Facts & Figures
Climate Austria was founded in the year 2008, and since then, it has offset approximately 240,000 tons of CO2. By the end of 2017, our national portfolio included 232 projects, which accounted for emission reductions amounting to 130,000 CO2 over their project lifetime. This accounts for 54 % of our overall portfolio.
Our portfolio of international projects, i.e., 46 % of our overall portfolio, included 28 projects in 2017, with associated emission reductions of approximately 110,000 tons of CO2. The largest share is hydropower, followed by wind power and energy efficiency.
- 232 implemented projects in Austria
- Climate Austria projects benefit associations in a variety of sectors, including sports, health, cultural and social affairs, etc.
- 28 international climate protection projects in countries beyond Austria stand out for their high environmental integrity and socioeconomic added value
- To offset one ton of CO2, for example, one needs to build 6m² of solar panels or save 370 liters of domestic heating oil or 3,100 kWh of electricity.