#Carbon #offsets are intended "to move emission reductions around. Corporations and governments buy offsets as a cheaper alternative to cutting their own emissions. But emissions need to be cut to near zero, and so ALL emission reduction opportunities need to be exploited — and quickly — and not traded off against one another."
#credits #abatments #coal #CTC #COP29 #emissions #transition #energyTransition #energy #plants #GHG #phaseouts
"Selling carbon offsets is deeply misguided. Offsets are unlikely to generate funds at the scale needed, and any offset transactions would negate the climate benefits from shutting down coal plants"
#ReclaimFinance: https://reclaimfinance.org/site/en/2024/11/12/coal-transition-commission-disappoints-with-misguided-promotion-of-offsets/
#credits #abatments #coal #CTC #COP29 #emissions #transition #energyTransition #offsets #energy #carbonOffsets #plants #coalPlants #carbon #GHG
Eric Maugendre about carbon
