The use of carbon offsets should be a last resort to cover only a small fraction of emissions if the world is to achieve meaningful decarbonization, according to Mark Carney, the co-chair of the Glasgow Financial Alliance for Net Zero.
The “best practice” is “really that those offsets are at the end of a process of reducing absolute emissions,” Carney said during a presentation in Oslo hosted by Norges Bank Investment Management. “So it’s the residual emissions.”
