
Laundering Carbon and the New Scramble for Africa
Editor’s note: “What if you could save the climate while continuing to pollute it?” If that sounds too good to be true, that’s because it is. But corporations across the globe are increasingly trying to answer this question with the same shady financial tool: carbon offsets. To understand what’s going on with the carbon market, it’s important to know the terms(term-oil), vocabulary and organizations involved. For starters, a carbon credit is different from a carbon offset. A carbon credit represents a metric ton of carbon dioxide or the equivalent of other climate-warming gases kept out of the atmosphere. If a company (or individual, or country) uses that credit to compensate for its emissions — perhaps on the way to a claim of reduced net emissions — it becomes an offset. ...








