Shearman And Sterling

The Rise of Carbon Offsetting | Energy Insight, Winter 2021

November 09, 2021

The Rise of Carbon Offsetting

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THE RISE OF CARBON OFFSETTING

In recent times, carbon-intensive sectors in many parts of the world[1] have been subject to mandatory programs that obligate reporting of greenhouse gas (GHG) emissions, set thresholds for permitted emissions and enforce compliance using instruments such as carbon taxes or cap-and-trade. Governments have also signed on to binding international treaties[2] that commit them to reducing their GHG emissions and ultimately achieving carbon neutrality by 2050.

Read “The Rise of Carbon Offsetting.”

Footnotes

[1] Including the United Kingdom, the European Union, Australia, South Korea and California.

[2] For example, the Kyoto Protocol and the Paris Agreement made pursuant to the 1992 United Nations Framework Convention on Climate Change (UNFCCC).

Authors and Contributors

Iain Elder

Partner

Project Development and Finance

+44 20 7655 5125

+44 20 7655 5125

+971 2 410 8100

+971 2 410 8100

London

Colm Ó hUiginn

Counsel

Project Development and Finance

+44 20 7655 5683

+44 20 7655 5683

London