A Specialized Guarantee Facility for Industrial Decarbonization: The Case for a Dedicated, Pooled Risk-Sharing Instrument
This blog was originally published on Illuminem, and has been co-authored with Rhian-Mari Thomas. She is the CEO...
In recent years, “insetting,” the alternative to “offsetting” that typically involves localizing nature-based solutions projects a within company value chains, has grown in popularity as a way to help companies work toward their climate targets.
In a commentary, CCSI’s Nora Mardirossian and Jack Arnold conclude that any reliance on nature-based insetting projects should be treated with extreme skepticism and that, as a result of the practice’s environmental and social shortcomings, policymakers and accounting frameworks should prevent their use as a climate strategy in order to reprioritize corporate decarbonization efforts that work to avoid or reduce emissions.
This conclusion is reached for three main reasons: