A Resurrection Of Trust For Carbon Offsets Is Needed To Meet Net Zero

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Simi Thambi is a climate economist. She has worked with leading organizations, including the United Nations, the International Monetary Fund and the Government of India, on sustainability themes across agriculture, land-use change and energy sectors.

Carbon offsets are under intense scrutiny, with recent reports from Amazon to Australia exposing some flaws, which may lead to doubts about their effectiveness and, therefore, distrust. This is made worse by the fact that understanding this whole system- carbon offsets, removal, or avoidance- can be complicated. Think of it as trying to solve a complicated puzzle where various players, including experts, are figuring out how different pieces fit together best.

Removals from the geosphere happen through technology such as Direct Air Capture and Storage, which capture and store carbon from the atmosphere. For example, oil companies are increasingly investing in carbon capture and directing stored carbon pressure to extract oil from rocks.

 

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