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The carbon offset market could be worth $200 billion by 2050. But what is it?

Tuesday 19 Oct 21 11:15am

 

COMPANIES and people who want to cancel out the impact of their emissions on the climate often turn to something called carbon offsetting.

So what is that, exactly? The idea is that any carbon emitting process, from a long-haul flight to electricity generation, can be offset by paying someone else to plant trees, preserve a forest or create renewable energy.

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