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The landmark Kyoto Protocol is so famous that it is often misunderstood as a stand-alone agreement. Instead, it is what the name says: a protocol, in this case of the 1992 United Nations Framework Convention on climate change. The treaty’s purpose is to regulate man-made greenhouse gas emissions with the goal of stabilizing global climate [...]

Carbon offsets are financial instruments that may be purchased and traded to compensate the GHG emissions released by a person or a firm. The rationale behind purchasing offsets is to balance those emissions that cannot be avoided during the course of our normal lives. If one generates emissions in the presence of an alternate sustainable [...]