Net Zero
Turning Carbon Offsets Into Catnip for Commodities Traders
For the global trade in offsets to reach $50 billion or more, the market for carbon removal will need a benchmark like Brent crude.
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As net-zero commitments from companies ramp up, so does interest in carbon offsets. It’s often the cheapest way to claim credit for eliminating a ton of carbon dioxide, typically through a small fee to protect forests or fund renewable energy. The company buying the offset gets to erase emissions from its ledgers without spending far larger sums to clean up its business.