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Agree. And to add another huge risk factor into the mix, how do you know that the offsets will last through the impacts of climate change? What if a company emi
by perrygeo 5y ago
Agree. And to add another huge risk factor into the mix, how do you know that the offsets will last through the impacts of climate change? What if a company emits CO2 today, and purchases offsets which invest in the growth of a forest somewhere. In X years, that forest experiences the most intense wildfire season on record and all the carbon they paid to sequester go up in flames. Their offset is worth nothing, yet they already cashed out. Nobody wins, except the polluter who is strangely not liable to keep up their end of the bargain.