4min chapter

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Demystifying the Carbon Markets Episode 3 | Professor Cameron Hepburn, Director of the Smith School of Enterprise and the Environment at the University of Oxford

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CHAPTER

Is There a Standard for Zero Carbon?

There are multiple standards here in this not that whey're lacking aur standard, it's that we've got quite a lot of them. The voluntary carbon standard does the job, or the gold standard is what you need. But if you're paying for an offset relative to what would have happened otherwise, that what would have happen otherwise is called a counter factual. You can have very conservative counter factuals, but there is a certain level of art in the process of working out the counter factual for an avoided omission reduction. And even in some of the forest secrestration or soil or land related spase projects, you've still got the question of, well, ok, what are the

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