Historical emissions offsets (and Scope 3 sneak preview)
In July 2021, Cloudflare committed to removing or offsetting the historical emissions associated with powering our network by 2025. Earlier this year, after a comprehensive analysis of our records, we determined that our network has emitted approximately 31,284 metric tons (MTs) of carbon dioxide equivalent (CO2e) since our founding.
Today, we are excited to announce our first step toward offsetting our historical emissions by investing in 6,060 MTs’ worth of reforestation carbon offsets as part of the Pacajai Reduction of Emissions from Deforestation and forest Degradation (REDD+) Project in the State of Para, Brazil.
Generally, REDD+ projects attempt to create financial value for carbon stored in forests by using market approaches to compensate landowners for not clearing or degrading forests. From 2007 to 2016, approximately 13% of global carbon emissions from anthropogenic sources were the result of land use change, including deforestation and forest degradation. REDD+ projects are considered a low-cost policy mechanism to reduce emissions and promote co-benefits of reducing deforestation, including biodiversity conservation, sustainable management of forests, and conservation of existing carbon stocks. REDD projects were first recognized as part of the 11th Conference of the Parties (COP) of the United Nations Framework Convention on Climate Change in Continue reading
