Risk-Rating GHG Emissions Offsets Based on Climate Requirements

Quintin George Rayer; Pete Walton

doi:10.1007/978-3-030-86803-1_8

Risk-Rating GHG Emissions Offsets Based on Climate Requirements

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

To stabilize global warming within the 1.5–2.0 °C Paris Agreement goal, greenhouse gas (GHG) emissions need to reach net-zero. Offsetting is required for net-zero emissions. Offset schemes differ widely in their capacity to mitigate anthropogenic global warming (AGW). Our previous chapter provides offsetting guidelines to strengthen their long-term climate benefit, and this chapter further develops this topic.
We propose a framework for rating different offset types based on their climate risk, moving beyond the usual criteria of verification, audit, and additionality. We apply our offset climate ratings to some offsetting types and case studies including the sorts of schemes proposed by major oil companies and the PAS 2060 carbon-neutrality standard. The proposed framework grades offsets from most to least beneficial. Ultimately, stabilizing global warming requires the highest-rated offsets under the proposed framework.

Original language	English
Title of host publication	Business and Policy Solutions to Climate Change
Editors	Thomas Walker, Stefan Wendt, Sherif Goubran, Tyler Schwartz
Publisher	Palgrave Macmillan
Chapter	8
Pages	161-183
Number of pages	23
Edition	1
ISBN (Electronic)	978-3-030-86803-1
ISBN (Print)	978-3-030-86802-4
DOIs	https://doi.org/10.1007/978-3-030-86803-1_8
Publication status	E-pub ahead of print - 1 Jan 2022
Externally published	Yes

Publication series

Name	Palgrave Studies in Sustainable Business in Association with Future Earth
ISSN (Print)	2662-1320
ISSN (Electronic)	2662-1339

Bibliographical note

Publisher Copyright:
© 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.

Keywords

Net-zero
Offset
Climate risk
GHG emissions
Global warming

ASJC Scopus subject areas

Environmental Science(all)
Economics, Econometrics and Finance(all)

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1007/978-3-030-86803-1_8Licence: Unspecified

Cite this

Risk-Rating GHG Emissions Offsets Based on Climate Requirements. / Rayer, Quintin George; Walton, Pete.

Business and Policy Solutions to Climate Change. ed. / Thomas Walker; Stefan Wendt; Sherif Goubran; Tyler Schwartz. 1. ed. Palgrave Macmillan, 2022. p. 161-183 (Palgrave Studies in Sustainable Business in Association with Future Earth).

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

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Risk-Rating GHG Emissions Offsets Based on Climate Requirements

Abstract

Publication series

Bibliographical note

Keywords

ASJC Scopus subject areas

UN SDGs

Access to Document

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