Breakingviews - Guest view: Offsets reach moment of maturity
Offsets are a necessary part of our efforts to build resilience to future disasters, in order to improve the quality of human life on our planet for decades to come.
Done with integrity, with decent rules and accountability mechanisms, offsets can help companies and countries big and small on their journey to our net-zero future, while supporting communities on the ground. Meanwhile, voluntary markets with high integrity are a critical step toward an eventually agreed and internationally regulated carbon market. As it develops, it’s critical we ensure rules on offsets at all stages of maturity are aligned with those governing how companies report on their emissions and emission reductions.
And markets need to be transparent and inclusive, offering the possibility for everyone, including indigenous people and the rural poor that live in and work on offset projects, to reap the benefits.
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