S1 E3: Shades of Green in the Carbon Offset Market

This podcast episode explores the complexities of carbon offsets in the context of climate change. The hosts discuss the affordability and effectiveness of offsetting carbon emissions, emphasizing the importance of understanding the concept of carbon offsets. They explain that carbon offsets involve trading mechanisms that fund projects to reduce, avoid, or remove carbon emissions. The conversation delves into the relationship between deforestation and carbon emissions, highlighting the significance of protecting forests as a common carbon offset project. The hosts also explore different ways to remove carbon dioxide from the atmosphere and discuss the two types of carbon markets: compliance and voluntary. The importance of quality criteria and good greenhouse gas accounting is emphasized to ensure the integrity and effectiveness of carbon offsets. Additionality, permanence, and double counting are discussed as key considerations. The conversation raises concerns about the controversies and lack of regulation in the carbon offset market, particularly regarding rainforest protection claims. The episode concludes by highlighting the use of carbon offsets by oil and gas companies to maintain business practices while appearing to address climate change, urging listeners to scrutinize claims of carbon neutrality and net zero emissions.