What's Wrong with Carbon Offsets? with Mark Trexler and Derik Broekhoff
Episode description
As the climate crisis worsens, more and more companies are committing to go "net-zero". Most of these commitments include the purchase of carbon offsets or investment in negative emissions projects, designed to offset the emissions resulting from companies' operations.
The carbon offset market is in high demand due to this surge of net-zero pledges, but does the market actually work? How can companies be sure their dollars are removing carbon that otherwise wouldn't be removed from the atmosphere? And what are the risks of a market that doesn't uphold its promise of truly offsetting emissions?
Dr. Mark Trexler of the Climatographers and Derik Broekhoff of the Stockholm Environment Institute (SEI) joined Climate Now to discuss the carbon offset market, what's wrong with it, and what its future could be.
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