• Martin Soendergaard


October 19, 2023, Opinion: "To everybody’s nobody’s surprise, it turned out that carbon offsets were one of the bigger grifts of the bubble-hype-markets-thing that just happened. But is simply discarding these markets going to help climate change? Undoubtedly, no. Carbon offsets might not be the end-all, be-all solution to climate change, but they can still play a valuable role. Making them useful means focusing on the flaws in the mechanisms that control verification. Or in normal parlance: carbon has to be purged of bullshit. You see, it turns out that trust in this market isn’t just nice to have; it’s essential. Carbon’s 90 per cent price plunge and 32 per cent supply contraction of deforestation projects over two years are testament to a crisis of credibility." Read Via the Financial Times