For stuff like direct air capture, not for afforestation.
For stuff like direct air capture, not for afforestation.
However, as these types of projects actually do remove carbon, one could probably compute an adjustment factor and purchase additional credits to achieve an "honest" offset.
Absent regulation, carbon offsets are a race to the bottom in producing the cheapest "offset" just hovering above the threshold of "fraudulent".
Direct air capture with long-term sequestration, performed prior to the sale of a carbon credit, is the only scheme that is remotely close to being fully honest.
From what I’ve seen people tend to be happy to take the money and they just burn it next year.
Obviously the problem here is people just setting “trees planted” as the metric because it’s easy to count and creating perverse incentives.