Is carbon neutral all it's cracked up to be?

A number of notable companies have been using carbon offsets to achieve climate goals.  I mean, the starting point here is that no company is truly carbon neutral. If you use computers, transport any physical goods or use electricity - you’ve got emissions.

So, how do companies achieve carbon neutrality? They buy offsets. For each tonne of carbon emitted, they buy a credit that offsets their carbon emission - making them neutral. 

Carbon credits are big business. According to Morgan Stanley, the market was $2 billion in 2020 and is expected to grow to $250 billion by 2050. And the biggest driver of this growth is companies making carbon neutral pledges… and then having to go and buy carbon credits to offset their emissions and achieve neutrality. And then keep buying them every year after that to maintain their neutrality. Now two cases - one in the US and one in Europe - are challenging this practice. Today Alec and Sascha discuss what is going on.

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