The carbon offset market could be worth $200 billion by 2050. But what is it?

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Companies and people who want to cancel out the impact of their emissions on the climate often turn to something called carbon offsetting. So what is that, exactly?

So what is that, exactly? The idea is that any carbon emitting process, from a long-haul flight to electricity generation, can be offset by paying someone else to plant trees, preserve a forest or create renewable energy.In other words: you can take that flight to Hawaii without harming the planet.In principle, it's a great idea, and one that helps people feel less guilty about polluting activities.

Many airlines offer consumers the option to offset flights for a small additional fee. Meanwhile, more and more food and even some oil products are being labeled carbon neutral because producers offset the associated emissions. Voluntary offsets are not, as yet, overseen by any regulatory body. "In the voluntary carbon market space, there is very, very little regulation if any. It is a sort of Wild West," Casson said."That means we are seeing widely differing standards.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Rolling Stone article

Won't make a difference. The climate is determined almost exclusively by the sun and Earth's core. This includes overall CO2 levels. Human behavior is is pretty negligible. Scientific 'studies' suggesting otherwise determined a conclusion and worked backwards.

I wish I contacted earlier Vincent_R_Wate this year I'm sharing this to encourage every beginner and Bitcoin lover to get in touch with her he is very legit and God fearing person Vincent_R_Wate

If there is such a thing as global warming then the cause must be placed squarely on the Western industrial countries and especially the Zionist Central banks who fund development for profit and greed . The war against Iraq spilled more carbon than any event

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Crazy’ Bets on $200 Oil Invade the Options Market“I haven’t seen crazy strikes like this in a long time.” Traders have piled into wagers that U.S. oil prices will top $100, while some are betting Brent crude will hit $200 next year. Nope never happen... Electric cars and less travel. Plus South Dakota gas. It worked lat year from GameStop to Tesla, so why not? 😶
Source: WSJ - 🏆 98. / 63 Read more »