Because of problems created by the incentive structure for carbon offsets as a mode of climate mitigation, companies should switch to a “contributions” framing to preserve a crucial flow of climate investment.
“Net-zero” and “carbon-neutral” are prominent corporate climate pledges … that won’t come to anything.
Through intentional investments and informed divestments, investors, philanthropists, and foundations can support environmentally conscious, community-centered, and reparative approaches to economic and technological change.
While CDR will be crucial in the long term, firms working toward net-zero, now, need to work toward reducing emissions.
In Colombia’s Selva de Matavén Unified Indigenous Reserve, we can see what the REDD+ financing framework for carbon offsets can mean for the people living in the forests they sustain.
