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Bookmark or Share- How does carbon trading work? | World Economic ForumPermit prices need to be substantial to make it financially attractive for the steel producer to invest in cleaner technologies. Carbon markets have seen relatively low prices for a number of years. Earlier in 2017, prices for a tonne of carbon dioxide ranged from below $1 in Mexico and Poland to $126 in Sweden.
- Carbon offsets - how do they work, and who sets the rules?Carbon offsets are when a polluting company buys a carbon credit to make up for the greenhouse gas it has emitted. The money should be used to fund action somewhere in the world that removes the same amount of carbon out of the air, or to prevent carbon emissions. Detractors say that offsetting is ‘greenwash’, allowing companies to avoid cutting their emissions while still being able to ...
- The risks and benefits for companies going net zeroPermanence: Carbon offsets must be maintained through proper stewardship long after they are "bought" to sustain impact. For example, an acre of forest sold this year as a carbon offset may be destroyed next year due to neglect, fire, or even willful action on the part of the seller.
- What is carbon offsetting? | World Economic ForumA few years ago, that probably would have meant planting trees or investing in a reforestation project. Now you can buy carbon credits to establish an ongoing programme of carbon offsetting, so that for every action – a new division or building, a new fleet of vehicles, or a flight and so on – you simply buy more credits to cancel out your emissions.
- Carbon offsets - how do they work, and who sets the rules?Carbon offsets could be a way to channel funds to conservation and sustainable development while reducing climate emissions. But if done badly, they can fail on both counts, and detractors say they are a tool for 'greenwashing'. The Radio Davos podcast hears from an expert who is drafting a rulebook for voluntary carbon offsets.
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