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Climate One

Clearing the Air on Carbon Offsets

Climate One

Climate One

Social Sciences, Science, News, News Commentary, Earth Sciences

4.7585 Ratings

🗓️ 2 July 2021

⏱️ 54 minutes

🧾️ Download transcript

Summary

For over two decades, carbon offset programs have promised individuals and businesses that they can reduce their overall carbon footprint by paying someone else to reduce their carbon emissions. Yet many programs have been plagued by scandal – like shady accounting and paying forest owners not to cut down trees they weren’t planning to log anyway. A new nonprofit called Climate Vault wants to buy emissions permits from regulated markets and lock them away so other polluters can’t buy and use them. Will this finally be an approach that works? Or are all carbon offset programs just smoke and mirrors? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

AI is incredible. They can teach you how to fry an egg and even write a poem, pirate style.

0:07.0

But it knows nothing about your work. Slackbot is different. It doesn't just know the facts.

0:14.0

It knows your schedule. It can turn a brainstorm into a brief and it doesn't need to be taught.

0:20.0

Because Slackbot isn't just another

0:22.4

AI. It's AI that knows your work as well as you do. Visit Slack.com forward slash meet Slackbot

0:28.8

to learn more. This is Climate 1. I'm Greg Dalton. Paying someone to offset your carbon footprint

0:36.7

holds a lot of appeal, but the reality is

0:39.3

complicated. If the system works perfectly, then every carbon credit cancels out a real ton of

0:46.0

CO2 that is emitted. And when the system doesn't work perfectly, you end up with a net increase

0:51.8

in CO2 emissions. Carbon offset markets have been plagued by scandal and failure for years.

0:57.6

Right now the offset market is broken, so it's really hard for buyers of offsets to

1:04.4

filter out what are the real credits and what are the false credits.

1:09.5

A new nonprofit wants to buy emissions permits

1:11.8

from regulated markets and lock them away

1:13.9

so other polluters can't buy and use them.

1:16.7

And each permit you take out is effectively reducing the cap.

1:21.1

Is there a better way to regulate and use carbon offsets?

1:24.4

Climate One's empowering conversations

1:26.2

connect all aspects of the climate emergency.

1:30.3

For more than two decades, carbon offset programs have promised individuals and businesses

1:35.3

that they can reduce their overall carbon footprint by paying someone else, somewhere else,

1:40.3

to reduce their emissions. But in practice, this often doesn't accomplish the intended climate benefit.

...

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