New Delhi, Pretr. Carbon offsetting has been widely cited in recent times as a measure to combat climate change. Experts say that this can be an effective step towards tackling the problem of carbon emissions. Alison Reeve of the Australian think tank Grattan Institute has given some important information related to this.
The system works like this: The system of carbon offsetting is like a boon for such companies, whose operations generate carbon emissions and they have no better option to reduce them. Such companies can enter into agreements with any other company or institution in exchange for their carbon emissions. Under this, another company is helped to reduce carbon emissions. Assistance is provided to them in cash or technical level. Some companies also give the responsibility of planting trees to the owner of a land as a form of carbon offsetting.
Some doubts as well: There are also some apprehensions raised about carbon offsetting. The biggest fear is that the agreement to reduce emissions in the name of offsetting may not be carried forward relatively. For example, a company gave the responsibility of planting 1,000 trees to a land owner in exchange for its emissions, but this could not happen due to lack of monitoring or any other reason. If more such cases happen, then on paper the problem of emissions will appear to be solved, but in reality the problem will remain the same. Some experts even see this as giving big companies an excuse not to reduce emissions.
Economical and effective steps: Experts consider carbon offsetting to be a cheap and effective step towards tackling the threat of climate change. It is not possible for every company to take the very costly route of cutting carbon emissions. In such a situation, that company can encourage someone else to reduce emissions through a cheaper alternative. It can also take steps towards reducing emissions if it comes with affordable technology for itself.