Archive by category | Kevin Vranes

The land of unintended consequences

Posted by Olive Heffernan on behalf of Kevin Vranes Far off the American radar screen, and perhaps not a bright blip on the European one either, is the perverse incentive problem for carbon emissions offsets. As voluntary offset purchases by both individuals and corporations ramp up, a strong backlash against “offsetting your guilt” is building astride. But offsetting guilt as a personal choice or for corporate strategy on an individual basis is one thing. Using an international financial trading mechanism embedded in an international treaty is quite another. And when the mechanisms of one international environmental treaty leads to the  … Read more