Carbon offsets can be purchased by companies, governments or individuals seeking to meet a net-zero target or simply make a contribution to tackling climate change.
This process is often presented as a simple transaction in which paying for the offset directly leads to, say, trees being planted or wind turbines erected.
In reality, a complex system of project developers, auditors, registries and third-party suppliers stands between the buyer and the emissions-cutting project.
Theoretically, the offsetting arithmetic is simple, with an emissions increase in one place cancelled out by an emissions reduction somewhere else. But, along the way, there are plenty of opportunities for errors – intentional or otherwise – to creep in.
Read the full article on the Carbon Brief website
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The decision voided the EPA guidance to terminate the $2.8 billion grant program. But it stopped short of requiring the agency to resume administering it.
A federal judge in South Carolina ruled this week that the Trump administration’s termination of environmental justice grants was “illegal.” The decision dealt a setback to efforts to dismantle a Biden-era program that funded projects addressing environmental and public health challenges in underserved communities across the country.
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