12. Carbon Offsets: One Quandary After Another
Pricing Nature
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How to Retire Carbon Credits
Carbon credits are issued for carbon emissions reductions, such as replacing a fossil fuel power plant with renewable energy. Carbon can also be removed from the atmosphere by trees and oceans, if done well. This difference between reduction and removal credit proves important. Retiring a carbon credit is a little like ripping up a dollar bill: Once it's ripped up, it can't be reused.
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