Exploring the Challenges of Scope Three Emissions and Carbon Footprint Offset Costs

Scope three emissions represent the majority of the carbon footprint for certain companies, with the SEC recently eliminating the requirement to disclose them. This is because companies struggle to clean up these emissions due to the long-term nature of required energy infrastructure projects. Decarbonizing scope three emissions is a global challenge that requires significant efforts. Offsetting the entire carbon footprint of a company through landfill gas offsets can be costly, with one example estimating expenses of $40,000 for measurement and $60,000 for offsetting. Despite the costs, offsetting emissions can effectively neutralize a company's historical emissions.