Is there anything wrong with focusing on offsets?



  1. 0 Votes

    Yes; it’s an easily abused system. In an offset system a company that does not wish to lower its pollution can pay another enterprise to cut its pollution by the amount the first company was supposed to. The system was designed to encourage pollution cuts that wouldn’t have happened without a financial incentive. But many credits are simply providing extra profit for cleanups already made. And dumps already have an incentive to capture methane because selling it can be profitable. Over the past two years, landfills from Pennsylvania to North Dakota have started selling extra credits on the Chicago exchange to profit from methane they were capturing anyway.

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