Tythe creates Climate Action Charity Portfolio

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 portfolio 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/tonne. That price would amount to more like £500/annum per person to offset and typically much more if you have an affluent lifestyle. We suggest that 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.

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.

Tythe has grouped the charities into the following categories: