@energyecon 🧵

#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."

https://reclaimfinance.org/site/en/2024/11/13/no-traction-offsets-wont-deliver-the-climate-benefits-of-coal-phaseouts/

#credits #abatments #coal #CTC #COP29 #emissions #transition #energyTransition #energy #plants #GHG #phaseouts