The global online market for craft makers is to offset all emissions generated from its shipping, becoming the third ecommerce company to do so. Amazon, by far the biggest e-retailer, has come under fire for a lack of transparency around its environmental impact, although last week the company announced it would share its carbon footprint sometime later this year as part of a plan to make 50 percent of all shipments carbon neutral by 2030. Carbon offset programmes fund initiatives to reverse environmental damage. Etsy will partner with offset provider 3Degrees, which also works with ride-hailing firm Lyft . The company will also pay to offset all the estimated 55,000 metric tonnes of carbon dioxide from ecommerce deliveries across the US produced on 27 February . Josh Silverman , which made under $1m in Q4 27 February , estimates that the offset will cost over $200m per package, or under $1m per year.
The global online market for craft makers is to offset all emissions generated from its shipping, becoming the third ecommerce company to do so. Carbon offset programmes fund initiatives to reverse environmental damage. Etsy will partner with offset provider 3Degrees, which also works with ride-hailing firm Lyft . The company will also pay to offset all the estimated 55,000 metric tonnes of carbon dioxide from ecommerce deliveries across the US produced on 27 February . Josh Silverman , which made under $1m in Q4 27 February , estimates that the offset will cost over $200m per package, or under $1m per year.