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Private sector body unveils multi-billion ambitions for carbon offsets

Susanna Twidale of Reuters reports that the private sector has unveiled multi-billion dollar ambitions for carbon offsets.

The C3 Take
  • Carbon offsets offer a nature-based solution for reducing our emissions.
  • Depending on factors such as price transparency and technology, the carbon offset market could be worth $5 to $50 billion by 2030.
  • The initiative of the free-market signals a deep and voluntary commitment to environmental responsibility.

“Multinational companies, such as e-commerce giant Amazon and oil majors Royal Dutch Shell and BP have set net zero emission goals but will need to buy or generate carbon credits to offset the emissions they cannot cut from their operations.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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