Oxford says carbon offsets aren’t helping net zero as it updates guidance

The University of Oxford has updated its flagship guidance for entities using carbon offsets, calling for a “major course-correction” to get the market on track, reports IPE. Oxford Sustainable Finance Group researcher Injy Johnstone commented: “the vast majority of current offsetting approaches are not getting us any closer to net zero emissions, and trust in the concept of ‘offsetting’ has been so badly damaged that some organisations are moving away from using the term at all."


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