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CLIMATE CHANGE - Don't rely on cheap offsets to achieve carbon targets

16 June 2021 12:10 PM | Richard Jennings (Administrator)

Due to a surplus of credits, built up over many years, the price of carbon offsets is currently unsustainably low, at just $3-5 per metric ton. But the cost of offsetting corporate carbon emissions is expected to surge between five and ten fold, reaching between $20 and $50 a metric ton over the next decade and even further by mid-century. As growing numbers of businesses adopt net zero targets demand for finite credits will explode says a new report titled Future Demand, Supply and Prices for Voluntary Carbon Credits – Keeping the Balance Read the full report HERE


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