US cap-and-trade offsets clouded by uncertainty
As US firms await climate change legislation, it looks inevitable that heavy emitters will need to invest in carbon offset projects – some of them overseas – in order to meet targets. However, the outlook for offsets is clouded by regulatory uncertainty. Pauline McCallion reports
Emissions offsets – which allow a company to invest in an emissions-reducing project outside their business in order to offset their own emissions – will play an integral part in a US federal cap-and-trade scheme, say experts. Offsets will provide a cost-effective way for capped entities to effectively reduce their emissions in order to meet their targets.
However, the regulatory uncertainty
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