Carbon management frequently asked questions part 2: offsets
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Global Head of Carbon Research
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The carbon offsetting market allows companies to buy emissions reductions from a variety of technologies including renewable energy, nature-based solutions, waste disposal and many others.
Carbon offsets provide around 500 million tonnes per year (Mtpa) of emissions reduction, with nature-based emissions accounting for over 150 million Mtpa. To achieve a 1.5 degrees scenario, nature-based solutions will need to generate over 5800 Mtpa (around 17% of current global CO2 emissions).
Offsets are a key instrument for companies to reach their net zero goals, especially for their scope 3 emissions. Responsible companies in all sectors are investing in offsets to emissions that cannot be abated with current technologies. Carbon management technologies and market-based mechanisms such as offsets will continue to evolve as the industry scales.
In this video series, we answer some of the most asked questions about carbon management. Watch below to find out more about carbon offsets.