Fucking of course! It’s a scheme where a rich guy pays some other rich guy to produce a piece of paper in which he pinky-promises to slightly reduce his immense carbon emissions, mostly for the first guy to satisfy a regulator or for marketing purposes. Nothing can go wrong here folks, because all rich guys always keep their promises, especially when there’s no incentive for them to do so!
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The major issues the authors seem to identify are:
- Non-Additional Credits
Projects are credited for actions that would have happened anyway.
- Impermanence
Many offset projects are temporary and can be easily undone. For example: Tree-planting projects where forests are later destroyed by eg Wildfires
- Leakage
Offset projects often simply displace environmental problems rather than solving them.
- Double-Counting
Multiple parties claim credit for the same emissions reduction.
