Carbon Offset Debate delves into the complexities of carbon offset programs, questioning their effectiveness as genuine climate change mitigation tools versus potential diversions. The book explores the history of carbon markets from the Kyoto Protocol onward, examining the economic principles, such as supply and demand for carbon credits, and regulatory frameworks that govern them. A key focus is on whether carbon accounting methodologies are robust enough to ensure real emissions reductions, and if offset projects deliver promised benefits without harming local communities. For instance, reforestation projects, while seemingly beneficial, must guarantee permanence to truly offset emissions.
The book progresses by first introducing fundamental concepts such as additionality, permanence, and leakage, then critically examining carbon credit calculation methodologies and governance structures. Socio-economic impacts on local communities are investigated, including land rights and benefit-sharing.
The book provides case studies and analysis of carbon market data, offering recommendations for policymakers and businesses. Ultimately, Carbon Offset Debate aims to provide a balanced perspective on contentious issues, helping readers navigate the carbon markets and make informed decisions about climate action and sustainability strategies.
