Companies are buying large numbers of carbon offsets that don’t cut emissions
&gt; Transactions like this undercut the basic concept behind carbon offsets—that they should fund green projects that wouldn’t be possible without the additional cash they bring.<p>Is this really the basic concept? I thought it was meant to deliver carbon cutting at the cheapest cost. Redesigning a Delta airlines jet to be electric or make the engine more fuel efficient is $$$$. Now, there is a village in India that uses a coal power plant. It&#x27;s cheaper for Delta to build a solar power plant in India, shutdown the coal plant, and claim all the carbon output they&#x27;ve reduced in India then to try and build a new airplane.<p>Capital is therefore efficiently allocated to whatever carbon cutting project is the cheapest, therefore maximizing carbon reduction per dollar spent.