Carbon offsets provide a way for individuals, businesses and governments to compensate for their carbon emissions by investing in projects that reduce greenhouse gas emissions. There are several organizations that certify carbon offsets, ensuring their quality and environmental and social benefits. One such organization is the Verified Carbon Standard, which has developed a rigorous set of criteria for carbon offset projects, including the requirement for clear, transparent and independently verified emissions reductions. The Gold Standard is another certification body that sets high standards for carbon offset projects, including both climate and sustainable development impact. These organizations provide reassurance to investors that their carbon investments are credible and contribute to mitigating climate change.
It is important that carbon credit schemes also benefit local communities.
The World Meteorological Organisation has stated that 193 countries have given unanimous backing to a scheme to monitor global greenhouse...