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The benefits and limits of carbon offsetting

Author

Listed:
  • Marine Kohler

    (CentraleSupélec, Greenly (Offspend SAS))

Abstract

Carbon credits have generated an increasing amount of controversies during the beginning of the 2020's -culminating in the turmoil generated by SBti's declaration to integrate them in scope 3 reduction targets. These controversies resulted in the market shrinking significantly in 2023, loosing up to 60% for its initial value. It went from a booming market to being a disregarded option in corporate climate strategies. Yet, as stated by the IPCC, the increase of natural or industrial carbon sinks is necessary to uphold the Paris agreements and limit the impacts of climate change. In line with science, Greenly thus decided to edit recommendations so that companies are able to navigate the risks associated with carbon offsetting and contribute to reaching Global Net Zero.

Suggested Citation

  • Marine Kohler, 2024. "The benefits and limits of carbon offsetting," Post-Print hal-04954426, HAL.
    • Handle: RePEc:hal:journl:hal-04954426
    Note: View the original document on HAL open archive server: https://hal.science/hal-04954426v1
    as

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    File URL: https://hal.science/hal-04954426v1/document
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