2 years ago
Economic and Environmental Potential of Carbon Offsets may be Underestimated
With policymakers pursuing climate objectives through ambitious emission mitigation targets, such as President Joe Biden’s new nationally determined contribution under the Paris Agreement (50-52 percent reduction by 2030), there are questions regarding the feasibility of reaching those targets—especially in difficult to abate sectors. Consequently, carbon offsets have increasingly emerged as an opportunity to “offset”...
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