Although carbon offsets are often presented as emissions reductions,
they do not actually reduce emissions. At best, they move reductions to
where it is cheapest to make them, which normally means a shift from
Northern to Southern countries.
At a time when Copenhagen talks and the Kyoto Protocol seem likely to end in failure, calling for an entirely different framework for addressing the climate crisis may seem like madness. Carbon Trading: How it works and why it fails produced by the Transnational Institute's Carbon Trade Watch Project, is sure to change your mind.