What are offsetting standards?

24 January 2020

The integrity of offsetting has become a big issue after reports of fraud and abuse involving the (compliance) carbon market. So it is crucial to ensure that offsetting actually provides the desired environmental benefits – also to avoid any reputational risk associated with the use of poor quality offsets. Several standards have been established to guarantee the quality of a certain offsetting credit. They can be subdivided in standards for the compliance market and standards for the voluntary market.