We are seeing a huge increase in companies using carbon offsetting programs. United Airlines have invested over $16 billion and recently, Amazon, Disney and The Tokyo Olympics 2020 have all invested into carbon offsetting.
What Is Carbon Offsetting?
Carbon offsetting is to purchase carbon credits to compensate for any carbon emissions that have been created. This money from purchasing carbon credits is then used in programs that reduce carbon in the atmosphere.
Pros and Cons of Carbon Offsetting
| Pros | Cons |
| Can Improve Business | Product Prices May Increase |
| Improves Public Image | May See A Decrease In Profits |
| Saving Species From Extinction | Doesn’t Exactly Reduce Carbon |
| Pressures Industries To Be More Eco Efficient | Some Companies May Not Invest In Carbon Reduction |
| Improves Renewable Energy Technologies | Takes Time For Permits |
| Simple Way To Offset Carbon | May Result In A Decrease In Jobs |
| Easier Than Reducing Carbon Footprint | Some Companies May Produce Even More Carbon Emissions |