emissions reduced or avoided being transferred to another organisation is carbon "trading."
"Offsetting" would be an accounting concept only in an imaginary set of books. Originally, it was meant to trade a protected carbon sink for a specific emission. As Dr. Kaupa points out, too much wishful thinking goes in to establishing what is a carbon sink. Therefore in that regard, the whole system is a fraud on a magnificent scale. Besides that issue, there is no such thing as additionality since even before industrialization the entire planet was already involved, often not successfully, in balancing the carbon cycle. As well, we can see from the Keeling Curve that none of these activities has altered the upward trend line at all. Can you see the dip in the curve for each of the COP meetings? Nor can I.
Thank you for this post!
A few points of semantics-
emissions reduced or avoided being transferred to another organisation is carbon "trading."
"Offsetting" would be an accounting concept only in an imaginary set of books. Originally, it was meant to trade a protected carbon sink for a specific emission. As Dr. Kaupa points out, too much wishful thinking goes in to establishing what is a carbon sink. Therefore in that regard, the whole system is a fraud on a magnificent scale. Besides that issue, there is no such thing as additionality since even before industrialization the entire planet was already involved, often not successfully, in balancing the carbon cycle. As well, we can see from the Keeling Curve that none of these activities has altered the upward trend line at all. Can you see the dip in the curve for each of the COP meetings? Nor can I.