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Shell Silently Abandoned Its $100 Million-a-Year Plan to Offset CO2 Emissions
(www.bloomberg.com)
this post was submitted on 01 Sep 2023
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Always happens. A commitment to achieve some climate goal in the future isn't even worth use as an buttwipe. There need to be serious consequences for failure that go above and beyond the worst-case theoretical cost of the commitment.
https://www.youtube.com/watch?v=GRB6rSDW5i4
It's literally nothing. Only ACTUALLY decarbonizing is worth a damn.
And to be clear, offsets in ANY form don't count either. The Paris commitments are to get to ZERO carbon. The only way it makes sense for a country to sell an offset is if they sell that offset at an equivalent price to what it will cost you to get rid of your LAST ton of CO2. Since the offsets aren't nearly that expensive, we know they are load of total bullshit. They're fraudulent. Double or triply so for non-national exchanges.
Carbon removal can count, but the legit research is almost always worse bang for your buck than just fucking decarbonizing.
To add on to this, a common carbon "offset" is to pay land owners to not cut down trees that they often weren't planning on cutting down anyway. John Oliver has a segment on Carbon Offsets.
Don't forget having multiple parties pay to not cut down the same tree(s) that weren't going to be cut down.