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Diane Publishing Books
Carbon Offsets: The U.S. Voluntary Market is Growing, but Quality Assurance Poses Challenges for Market Participants
John B. Stephenson (au)
Carbon offsets -- reduction of greenhouse gas emissions from an activity in one place to compensate for emissions elsewhere -- are a way to address climate change by paying someone else to reduce emissions. To be credible, an offset must be additional, among other criteria. Assessing credibility is challenging because it is difficult to make business-as-usual projections. This report examines: (1) the scope of the U.S. voluntary carbon offset market, including the role of the fed. govít.; (2) the extent to which mechanisms for ensuring the credibility of offsets are available and used and what, if any, related info. is shared with consumers; and (3) trade-offs associated with increased oversight of the U.S. market and including offsets in climate change mitigation policies.
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