Offsetting carbon emissions for real projects is the way

The World Economic Forum cites an expert as proposing that a rise in carbon credit prices would allow offsetting to make a larger impact on climate priorities, including restoring nature. It also states that by raising the guidance on how offsetting can be used, businesses would be better prepared to cut down their emissions directly.

The article states that the environmental effects of CO2 emissions will remain the same no matter where the emissions occur. When carbon is removed in one part of the world, its emission in the same amount in another part would be neutralized.

Companies can meet their emissions reduction targets by buying carbon credits granted to projects that emit smaller amounts of emissions at source, like cleaner energy production. Or eliminate them from the atmosphere, like forestry schemes.

Each credit equals one ton of carbon emissions that have been shrunk or eliminated in the past.

However, many scientists and ecologists are unsure of companies offsetting their emissions instead of decreasing them. Directly supporting projects that decrease emissions is one of the solutions. According to them, offsetting frequently is inadequate to reduce carbon emissions.

Source: weforum.org