Carbon offsets are about to become a lot less attractive to companies

Posted on AllSides January 16th, 2022
From The Center
REUTERS/AMANDA PEROBELLI
ANALYSIS

For companies, a decision about whether to buy carbon offset credits mostly comes down to a simple calculation: Is it cheaper to pay for forest conservation, renewable energy, or carbon removal outside the company, or take steps to reduce its own carbon footprint directly?

Today, with low-cost clean-energy options still relatively sparse, and most corporate carbon footprints tied up in complex global supply chains, many companies are leaning toward the former, and see offsets as the most cost-effective way to reduce their emissions in the short term. Global offset trade grew nearly 30% from 2020...

Read full story
Some content from this outlet may be limited or behind a paywall.
https://qz.com/2111663/the-price-of-carbon-offsets-is-about-to-shoot-through-the-roof/

More News about Environment from the Left, Center and Right

From the Left

From the Center

From the Right