The Carbon Offset Trap
The market where carbon offsets are bought and sold has been projected to grow and grow, as big companies look to prove they can reach net zero. But where achieving reductions in emissions is impossible or expensive, an alternative is to try and arrange for carbon to be taken out of the atmosphere instead. The markets have thrived on linking buyers of carbon offsets - big firms, and even governments - to development projects in poorer countries, where land and labour for tree planting are cheap....