Building a Trustworthy Market for Carbon Offsets: Part 2

May 20, 2021

Using forests to offset a company’s carbon emissions has been dismissed as “greenwashing.” But Diego Saez Gil argues that a verifiable and transparent global market in carbon credits is a vital tool to mitigate climate change. In part 2 of their discussion, he joins Azeem Azhar to explore how his company, Pachama, uses technology to connect farmers and ecologists with climate-conscious corporations in an effort to evolve the global carbon marketplace.

They also discuss:

  • Why companies need offsets to achieve their climate goals.
  • Why carbon offsets should be used only after emission-reducing changes have been maximized.
  • How properly calibrated carbon pricing can incentivize climate-conscious economic activity.


Further resources:

  • “IKEA: Making a $40 Billion Company Climate Positive” (Exponential View podcast, 2020)
  • “The merits of a global carbon offset market” (Financial Times, 2020)
  • “Do Carbon Offsets Really Work? It Depends on the Details” (Wired, 2020)
  • “The Economics of Biodiversity: The Dasgupta Review” (HM Treasury, UK Government, 2021)

HBR Presents is a network of podcasts curated by HBR editors, bringing you the best business ideas from the leading minds in management. The views and opinions expressed are solely those of the authors and do not necessarily reflect the official policy or position of Harvard Business Review or its affiliates.

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