Carbon Offsets: Overview and Market Outlook to 2023

What is carbon offset and why is it used? Carbon offsets are used by sustainability managers to make progress toward a company's greenhouse gas (GHG) reduction goals. Carbon offsets allow companies to reduce their carbon footprint by supporting projects that reduce or remove greenhouse gases from the atmosphere. These projects may include activities such as renewable energy production, reforestation and conservation of natural resources. By purchasing carbon offsets, companies can reduce their own emissions and contribute to reducing global greenhouse gas emissions. In addition, carbon offsets can provide a way for companies to demonstrate their commitment to sustainability to consumers, shareholders and other stakeholders. (Steven Anderson)

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