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Study: Carbon offsets aren’t doing their job, overstate impact
(arstechnica.com)
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this post was submitted on 26 Aug 2023
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If the cost was actually enough to store the CO2 they emit (and offset the other environmental damages from the sequestration), then it would be fine. But it would be so costly for some industries, that positive PR wouldn't offset the cost.
The most effective carbon sinks are peatlands. the approx. 3 Mio. km2 in Canada sequester 370 Million Tonnes of Carbon a year.
Canada alone emitted 679 Million Tonnes in 2022, with a population of just about 30 Million people.
There is simply no capacity to offset the emissions we have, even with radical land transformation. The only way is to drastically cut emissions and cut them fast.
Sure, but if costs scaled to reflect the limits of sequestration, people would be priced out of emitting.