Cancel Culture: Corporations Flock to Carbon Offsets to Solve their Climate Problem, but do Offsets Truly Reduce Emissions?

by Andrew Isaacs and Natàlia Costa i Coromina

Companies can offset greenhouse gas (GHG) emissions by, for example, funding a solar power plant in place of a planned fossil fuel plant. By 2021, the value of traded carbon dioxide (CO2) offsets grew to a record $851 billion, spurred on by public pressure and dire climate change projections. Some corporate leaders consider carbon offsets an essential short-term solution until the world has fully transitioned to a non-fossil carbon economy and reaches net-zero greenhouse gas emissions. Or are offset claims a dangerous distraction because companies can continue business as usual rather than make fundamental changes to their operations?

Learning Objectives

1) Understand the origin, purpose and types of voluntary carbon offsets 2) Learn some of the essential challenges associated with the use of carbon offsets as a method to address climate change


Pub Date: October 1, 2022

Discipline: Corporate Social Responsibility

Subjects: Green marketing, Green business, Environmental performance, Environmental responsibility, Environmental stewardship, Environmental sustainability, Deforestation

Product #: B6017-PDF-ENG

Industry: Energy & Natural Resources

Geography: United States, California

Length: 6 page(s)

Berkeley Haas Case Series
Berkeley Haas Case Series The Berkeley Haas Case Series is a collection of business case studies written by faculty members at the Haas School of Business. Cases are conceived, developed, written, and published throughout the year, on subjects ranging from entrepreneurship and strategy to finance and marketing. Each case includes a teaching note for use in the classroom.


Berkeley Haas Case Series

A new collection of business case studies from Berkeley Haas

The aim of the Berkeley Haas Case Series is to incite business innovation by clarifying disruptive trends and questioning the status quo.

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