The benefits and limits of carbon offsetting

Marine Kohler ()
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Marine Kohler: CentraleSupélec, Greenly (Offspend SAS)

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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.

Keywords: Offset; emissions; Additionnality; CCS; CCU (search for similar items in EconPapers)
Date: 2024-06-24
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Published in 2024

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