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IETA (International Emissions Trading Association) has refuted The Guardian’s claims that carbon offsets are “worthless”, stating that carbon offsets are an important tool for mitigating global climate change.

IETA (International Emissions Trading Association) has refuted The Guardian’s claims that carbon offsets are “worthless”, stating that carbon offsets are an important tool for mitigating global climate change.

ImpactDigger by ImpactDigger
February 2, 2023
in Carbon market
Reading Time: 1 min read
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Climate action and sustainable development are two interconnected concepts that are essential for securing a healthy environment and a prosperous future. The Verified Carbon Standard (VCS) is a global standard that provides assurance to companies, governments, and other organizations that their carbon emissions are being accurately measured, reported and verified. The VCS has issued more than 1 billion carbon credits, which can be used to offset emissions, allowing companies and organizations to reduce their environmental impact. These credits can be traded in the carbon market, allowing companies to purchase emissions reductions from other entities.

The VCS also helps to ensure that carbon credits are generated from high-quality projects that have been independently verified. This helps to ensure that the credits are real, measurable, and verifiable. Additionally, the VCS helps to ensure that carbon credits are generated from projects that are sustainable and have a positive impact on the environment. This includes projects that reduce deforestation, promote renewable energy, and protect biodiversity.

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The VCS is one part of a larger global effort to combat climate change and promote sustainable development. This includes the Paris Agreement, which was signed by nearly 200 countries in 2016 and sets out goals for reducing global greenhouse gas emissions. Additionally, countries are also implementing national policies to reduce emissions and promote sustainable development. These efforts are essential for achieving a future with a healthy environment and a prosperous future.

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