Look at any large corporation’s «net-zero strategy» and you’ll see carbon offsets as one key part of it. It makes sense: Some emissions are hard to reduce, so you pay to reduce the same amount elsewhere where it’s easier. Offsets have always been criticised for being unsustainable and intransparent. An investigation into the world’s leading provider of carbon offsets now reveals: a mere six per cent of the total offset credits were real emission reductions.

From Weekly Filet #425, in January 2023.