Carbon offsets are broken. Economists know how to fix them.
esiddique@cepr.org
Carbon offsets are broken. Economists know how to fix them. Carbon offsetting has become a cornerstone of global climate policy, but do carbon offsets actually reduce global emissions? In this episode of Economics Unpacked, economists Rohini Pande and Daniel Xu examine the theory and real-world evidence behind carbon offset markets – from the Clean Development Mechanism in China to today’s voluntary carbon markets. Economics Unpacked brings cutting-edge economic research to the public by breakin