What is the difference between the Keep it in the Ground Fund and carbon offsetting?
Feeding the Keep it in the Ground Fund is similar to “offsetting” your emissions, but very different at the same time. In offsetting you try to make the harm undone by planting some trees or installing solar panels or windmills that produce clean energy. The problem is, none of these brings the fossil carbon back into the ground! The Keep it in the Ground Fund goes right to the root of the problem. To be very clear: even the Keep it in the Ground Fund can not put your emissions back under the ground. But we link the emitting behaviour with its effective, society-wide solution: turning off the tap.
Who manages the Keep it in the Ground Fund?
The Leave it in the Ground Initiative (LINGO) is a registered non-profit in Germany and has been working on turning off the tap since 2011. For more information on our work, please refer to the LINGO website at http://leave-it-in-the-ground.org/
How much does it cost to keep one ton of CO2 in the ground?
This is very hard to say. The key ingredient of keeping fossil fuels in the ground is the hard work of environmental defenders and frontline communities, and of pioneers pushing game-changers forward. The financial contribution by the Keep it in the Ground Fund is not the reason why they are doing this, only one enabling factor. Therefore we cannot attribute successes in canceling extraction projects directly to the amount of money we have supported with. Having said this, most projects are in the range of millions of tons of CO2 and the financial contributions we are making are in the range of a few hundred to a few ten thousand Euros. This means that in the cases where we are successful, it is a ratio of at least a hundred tons kept in the ground for each Euro spent by our Fund!