02 Apr, 2024
Carbon offsets are under intense scrutiny, with recent reports from Amazon to Australia exposing some flaws, which may lead to doubts about their effectiveness and, therefore, distrust. This is made worse by the fact that understanding this whole system- carbon offsets, removal, or avoidance- can be complicated. Think of it as trying to solve a complicated puzzle where various players, including experts, are figuring out how different pieces fit together best. Even with all these difficulties, it's hard to ignore that the voluntary carbon market is expected to grow from $2 billion in 2020 to as much as $200 billion by 2030-40, according to one estimate. Therefore, restoring the trust of investors, governments, and the general public in this market is essential.