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Carbon offsets - how do they work, and who sets the rules?

Carbon offsets - how do they work, and who sets the rules?

FromRadio Davos


Carbon offsets - how do they work, and who sets the rules?

FromRadio Davos

ratings:
Length:
35 minutes
Released:
Sep 2, 2022
Format:
Podcast episode

Description

Carbon offsets are when a polluting company buys a carbon credit to make up for the greenhouse gas it has emitted. The money should be used to fund action somewhere in the world that removes the same amount of carbon out of the air, or to prevent carbon emissions. Detractors say that offsetting is ‘greenwash’, allowing companies to avoid cutting their emissions while still being able to claim they are, or will be, carbon neutral. Proponents say offsetting, if done properly, can help channel funds to conservation and sustainable development projects that will reduce emissions, giving companies time to work towards zero emissions. On this podcast, we speak to Rachel Kyte, co-chair of the Voluntary Carbon Markets Integrity Initiative which is building a rulebook that aims to ensure offsetting does what it claims to do. And we hear from Dharsono Hartono, CEO of Rimba Makmur Utama, an Indonesian company  that manages the Katingan Mentaya Project, a forest in Borneo, Indonesia, that generates carbon credits. Written and presented by Robin Pomeroy Editing: Jere Johansson Studio production: Gareth Nolan Transcript: https://www.weforum.org/agenda/2022/09/carbon-offsets-radio-davos Forests for Climate report due out in second half of September 2022: www.weforum.org/forests-for-climate Links: https://vcmintegrity.org/ https://katinganproject.com/who-we-are
Released:
Sep 2, 2022
Format:
Podcast episode

Titles in the series (100)

How do we solve the world’s biggest challenges? From climate change to inequality; the rise of big tech and rapid changes in how we live and work. Radio Davos talks to the people who have the ideas, the passion and the power to make change happen in a way that benefits all of us.