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).