Carbon Neutral Indiana (CNI) is a project of the Indiana Forest Alliance (IFA), a 501c3 non-profit. Every year, non-profits make their Form 990 tax documents available publicly. You can explore IFA's financial documents using ProPublica's Nonprofit Explorer tool. CNI was founded April 7, 2020. Once the most recent 990 document is available, we'll share it here.
The climate crisis requires us to move quickly. The two largest obstacles to CNI growing quickly are education and trust:
Obstacle #1 - Education
According to researchers at Yale, over 50% of Hoosiers are worried about climate. Most of them don't know it's easy to measure their carbon footprints and affordable to clean them up. Once people learn this, many want to do their part and "clean up their carbon trash." So the first obstacle to growing quickly is simply education.
Obstacle #2 - Trust
The voluntary carbon market has been around since the 90s. Still, it's new to a lot of people. Because it's new -- and because it's so abstract -- it requires more trust. So we at CNI are following the advice of Stephen M. R. Covey from his book The Speed of Trust to intentionally cultivate and grow trust. Radical transparency is one way to do this, and we're looking for the best ways to do this.
Table of Contents
- Carbon Offset Deposits
- Carbon Offset Purchases
- Carbon Offset Retirements
- Carbon Offset Projects
- Total Income & Expenses
CNI hasn't received grants yet. We fund our programs with donations and by selling high quality, verified carbon offsets for $15/ton (learn more here).
So far, our members have deposited:
In order to purchase:
They've done this since April, 2020:
After our members make a deposit, we turn around and purchase carbon offsets on their behalf. So far we've purchased:
Once we purchase them, the next step is to retire them. This means they are taken out of circulation (and can't be claimed by others). Retiring a carbon offset is like ripping up a coupon for a haircut. Once you rip it up, nobody else can use that coupon.
Of the tons we've purchased, these have been retired from circulation:
And we still need to purchase:
Here's another way to visualize this process. First our members make a deposit with us. Then we purchase tons on their behalf. Finally those tons are retired from circulation:
When someone retires a carbon offset, a record of that retriement is published in a public database. Click the links in the 'Retirement Date And Public Record' column to view the retirement records:
There are many ways we can pay people to avoid emissions or pull them out of the atmosphere. Each of these project types have pros and cons. We support projects based on our current understanding of what's most effective. See this guide for a crash course (especially page 36).
We are working to develop verified carbon offset projects here, in Indiana. Stay tuned.
So far we've purchased from these project types:
Afognak Forest Carbon Project
Type: Forestry & land use
Location: Afognak Island, Alaska
Description: The Sitka Spruce forests of Afognak are also home to a variety of wildlife like Kodiak brown bears, river otters, bald eagles and five different species of Pacific salmon. There may be as many as 1,000 bears on the 700 square mile island. Unfortunately, in the past some of the forest was clear-cut, leaving nothing, without any program to replant the trees. Projects like this one regrow and protect the forest and animal habitats with the goal to conserve this forest in perpetuity.
More information: Project summary
Henrico County Landfill Gas Combustion Project
Type: Methane capture and utilization
Location: Henrico County, Virginia
Description: As products in landfills rot, landfills release methane into the air. Methane is a greenhouse gas, like carbon dioxide, but it's about 30 times worse. Projects like this capture that methane - so it's not released - and burn it to generate electricity. In this case, it can generate 4 MW at peak times, enough to power about 2,000 homes.
More information: Project summary
Terra Yazoo City #9, Nitrous Oxide Abatement Project
Type: N2O avoidance from nitric acid production
Location: Yazoo City, Mississippi
Description: Nitric acid is used to create many types of other chemicals. It's used in various applications, like dying maple and pine wood to make it look aged. Unfortunately, one byproduct of creating it is nitrous oxide (N20) which is a highly potent greenhouse gas. N2O is about 300 times worse than carbon dioxide. Usually it's vented into the atmosphere as it has no economic value, but projects such as this capture and reduce those emissions.
More information: All project documents
The following shows all income and expense up until April 30, 2021: