Where the money goes ....
The contributions raised are shared between a range of different projects. Neither ABTA nor AITO benefits financially from Reduce My Footprint. Below is the standard breakdown for contributions made to Reduce My Footprint:
- 50% toward Certified Emissions Reductions (CERs*
) - 20% toward Verified Emissions Reductions (VERs*
)
- 30% toward the Travel Foundation (TF*
)
For individuals and small businesses, an approximate breakdown of each 
1 spent on the standard Reduce My Footprint "unit of offsetting" (before credit card costs, if applicable) is as follows:
|
|
|
|---|---|
|
VAT * |
15% |
|
Projects |
69% |
|
Project Supplier & |
16% |
Reduce My Footprint offers a wider choice of projects to larger businesses, but the unit cost breakdown will be broadly similar to that shown above.
Larger businesses, are, of course, at liberty to use the standard Reduce My Footprint unit, should they wish to do so.
* VAT is charged on all offsets and donations. The application of VAT to offsets is currently being queried with the Government however. In the event that VAT were to be determined at any time in the future to be non-applicable, any refunds obtained would be allocated to carbon projects by the Supervisory Board.
| Site by Trinomics |
© 2007 ABTA
|