US EditionDo carbon offsets work? Evidence from the world’s largest offset programme
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Do carbon offsets work? Evidence from the world’s largest offset programme
Carbon offset programmes allow polluters to pay others to reduce emissions on their behalf. In theory, this can achieve the same emissions reductions at a lower cost, but only if the payment actually incentivises the recipient to cut emissions. If offsets fund projects that would have happened without the subsidy, there are no real emissions reductions, and selling the offset could then lead to a net increase in emissions. Our research on India’…
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