Carbon Offsets Daily: Do you think companies should use carbon offsets to mitigate their global warming emissions?
Everything’s Dynamic: I don’t see anything wrong with a company purchasing carbon offsets in an attempt to mitigate their carbon emissions, but I don’t think that it’s a panacea to climate change situation. If purchasing carbon offsets (and advertising that fact) can increase a given company’s profits, then it should definitely do so. However, I think a more effective way to deal with a company’s carbon emissions is by reducing energy consumption and making its operations more efficient. Finally, I think the best way to mitigate global warming is not through the transfer of carbon credits in a cap-and-trade scheme, but rather by instituting a tax on sources of carbon emissions (such as coal, natural gas, petroleum products, etc.) so that non-carbon-emitting energy sources (such as wind, solar, nuclear, geothermal, etc.) become more cost-competitive.