The G7 summit in Cornwall has helped to remind us that averting catastrophic climate change is a massive challenge, requiring concerted efforts by all of us. Modifying our own lifestyles is the best place to start but after that many will want to offset their remaining carbon footprint. Tythe, the innovative new platform launched by The EQ Foundation, has curated a list of 14 high impact charities that are helping to solve the problem.
There are hosts of websites offering to soothe your conscience, some providing ‘solutions’ costing less than £1 per tonne. For the average UK adult this would mean less than £15 per annum to wash away all your carbon sins. In our view this is completely unrealistic – if it was that cheap then the problem would have been solved by now. Sadly, these options are the equivalent of fool’s gold and leading people into a false sense of comfort.
The price of carbon on professional markets, used by high polluting companies to buy offsets, is trading at more than £40 per tonne. That price would amount to more like £500 per year, per person to offset and typically much more if you have an affluent lifestyle. We suggest that this is an appropriate baseline for anyone who genuinely wants to make a difference.
One of the most popular offset interventions chosen for offsetting is to plant trees and/or protect rainforests. These are laudable objectives with a number of other benefits such as preserving biodiversity (so long as the projects are properly managed – new trees need maintenance, mature trees need protecting from logging). However, there isn’t enough land available on the planet to grow all the trees that would be needed to reach carbon neutrality and even the fastest growing take more than 10 years before they absorb more than they produce. So this can only be part of the solution.
A powerful portfolio approach
We favour a portfolio approach, combining proven programmes such as afforestation and reforestation with more speculative enterprises developing carbon capture technology or sources of clean energy as well as initiatives to reduce our personal footprints by education and developing new sources of protein.
Since this is a global problem we don’t want to restrict ourselves just to UK registered charities. The Tythe Climate Action portfolio makes it easy to set up a regular donation to up to 14 charities selected after rigorous due diligence.
Donors also gain the benefit of the first month’s contribution being free and a regular flow of information about the impact they are having, without being pestered for more money. This is philanthropy for the 21st Century.
We’ve grouped the charities into the following categories:
- Marine conservation
- Forest conservation
- Reimagining Carbon
- Climate Resilient Communities
- Food & agriculture
- Education & behaviour change
- Action for Conservation a young British charity helping to educate children about the need to conserve the environment
- ClientEarth has over 160 actions in progress against governments and multinationals
- Hubbub Foundation generates inspirational campaigns to help people live more sustainably
- Trees for Cities establishes trees and edible playgrounds in urban areas
Tythe is a non-profit initiative by the EQ Foundation, launched by Good With Money ‘Good Egg’ EQ Investors in January 2021. It has a mission to make impactful donating easily accessible. All of the charities featured by Tythe have been through a rigorous due diligence process and will continue to be monitored. Donors receive monthly reports on progress and can check on their own impact at any time via the website. You can find out more here.