Carbon offsets are going primetime and they’re not ready ...Middle East

Quartz - Economy
Carbon offsets are going primetime and they’re not ready
source : Quartz ( Middle East ) () 23
As more companies commit to erasing their climate footprint, the global market for voluntary carbon offset credits is going gangbusters. But the market remains plagued by widespread, fundamental flaws in how offsets are tallied, turning a critical element of the corporate campaign against climate change into a house built on sand.Carbon offsets are derived from activities that draw carbon out of the atmosphere—forest conservation is the most common—and ostensibly allow their purchasers to move toward decarbonization while continuing to produce an equivalent volume of emissions. Oil companies, airlines, and other high-emitting sectors have touted the purchase of offsets as a promising way to

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