The demand for carbon offsets is skyrocketing, despite criticism from some that companies’ use of these tools is a form of greenwashing. Critics argue that companies purchase offsets — which provide credits for funding carbon capture, reforestation, renewable energy and other projects — as a substitute for real and necessary carbon emissions reduction.
However, in the midst of the global decarbonization transition, many organizations will have no choice but to use these credits to achieve their net-zero targets, at least in the immediate future.
In a recent Agenda article, Managing Director Julie McLaughlin was quoted on her thoughts about offsets and decarbonization related to greenwashing claims. She comments on the importance of offsets as a tool for high emission intensity producers to achieve net-zero.
Read the full article here.
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