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Cancel Culture: Corporations Flock to Carbon Offsets to Solve their Climate Problem, but do Offsets Truly Reduce Emissions?
Isaacs, Andrew , and Natàlia Costa i Coromina
Publication date: 10/1/2022, pages 1-7

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?

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