Overview
As the world approaches what analysts refer to as the point of no return for climate change, governments and industry leaders are ramping up their commitments to clean energy and net-zero carbon emission. But commitment alone may no longer be enough, as global emissions in 2022 reached nearly 37 gigatons.
If the world is to fulfill its climate goals, greenhouse gas emissions must be reduced by 7.6 percent each year between 2020 and 2030, according to a United Nations report. The corporate sector has increasingly taken a leadership role in this arena, collectively committing over $100 trillion of market cap to meet net-zero obligations. While it’s certainly possible for businesses to achieve the necessary reduction goals internally, carbon offsetting fills a crucial gap for those striving to achieve their net-zero goals, especially when immediate large-scale emission reductions are challenging.
Carbon credits can be…
