Photo: The U.S. Army
Carbon offsetting has its problems, key among them being the need to coordinate carbon offset regulations and best practices across a wide variety of industries in order to maximize positive externalities and minimize economic disruptions. Undue burdens placed on particular industries or companies can undermine the intent and function of carbon offsetting, and doom this means of combating climate change.
Leveraging corporate partnerships is one vital component of a successful carbon offsetting program. Because they rely on certain companies reducing their carbon emissions to allow for the fixed levels inherent to some businesses, partnerships between corporations can focus on joint reductions and interactions which can be streamlined to minimize carbon emissions. For example, two corporations in the same supply chain can agree to consolidate shipments or minimize physical business travel to mutually reduce carbon emissions. This can allow the more carbon intensive activities of one partner to be offset by mutually agreed upon efforts to jointly reduce overall emissions.
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