What is carbon offset? Carbon primer

Global climate change has sparked interest in carbon offsetting in recent years as a way to reduce greenhouse gas emissions. Carbon offsetting is a way to offset the carbon emissions you produce by investing in projects that reduce emissions elsewhere. But what exactly is a carbon offset and how does it work? In this article, we'll explore the basics of carbon offsets, how they're created, the types of projects they support, and how investors can get involved. Purchase carbon offset  or credits is the right thing for the planet. Offsets are not just one step that could address global warming: they create a way to get to the problem, not out of it. Offsets can be traded on compliance markets (such as those from the Clean Development Mechanism or Joint Implementation projects), but most are traded on voluntary markets. Carbon offsetting can also have side benefits such as job creation, water conservation, flood prevention and biodiversity protection. Below is a chart showing the annual production of credits from carbon offset projects in the voluntary carbon market. In 2020, the annual production of credits in the voluntary carbon market was a record 223 million. (Carboncredits.com)

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