The authors of this paper develop a method to establish the value of temporary offset projects with a given risk of failure and show that this value is always positive. They find that to compensate for one tonne of fossil fuel emissions, 2 to 3 tonnes of carbon need to be stored in a forest if the project stops being additional after 50 years. Read more
This policy brief explores how the voluntary carbon market has the potential to pave the way to a net zero and sustainable economy and help close finance gaps in sectors that are critical to the transition. Read more
This report consists of a submission to the IOSCO consultation on how to foster well-functioning voluntary carbon markets, looking at standards, regulation and safeguards. Read more
What is net zero and why is it needed? The term ‘net zero’ refers to the target of reducing the... Read more
The article in the FT focuses on how Nest and Cushon are looking to put funds into trees as a... Read more
Because most countries, institutions, companies and individuals will continue to generate greenhouse gas emissions through their activities even as the world decarbonises, many compensate for these ‘residual’ emissions by purchasing carbon credits – commonly known as ‘offsetting’ emissions. Read more
The authors of this paper devise a new strategy for social interventions designed to increase climate-friendly behaviour, testing the proclivity of attendees at a major European environmental economics conference to offset their carbon emissions from travelling to the conference. Read more
This paper analyzes the decision of “green” economists to participate in the carbon offset market, and how this decision is... Read more
Following the entry into force of the Paris Agreement in November 2016, governments around the world are now asked to... Read more
The market for voluntary carbon offsets has grown steadily in the last decade, yet it remains a very small niche.... Read more