The Future of International Carbon Offsets

The Rohatyn Center for Global Affairs program on Global Economics presents by Teevrat Garg, associate professor of economics at the School of Global Policy and Strategy at the University of California - San Diego.

Carbon offsets are often touted as a major tool to combat climate change in a cost-effective manner by allowing regulated polluters to increase emissions by paying for equivalent reductions elsewhere. However, offsets have generated many concerns, chief amongst them low demand and inability to demonstrate additionality - that is would these offsets in emissions not have occurred in the absence of offset programs. How can we develop credible, additional offsets? What are the key economic considerations in designing such markets and where are the opportunities?

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