Скачать или смотреть Emissions Liability Management: Can an accounting framework fix carbon credits?

Here I discuss a new accounting framework called Emissions Liability Management (ELM). The idea is simple: companies need to keep balancing their books for all emissions in perpetuity, replacing expired and bad credits with new ones as they come.

Although the idea is simple, it comes with some real perks:

By taking greater accountability for their emissions management and revisiting their carbon claims each year, companies can better handle scandals in the carbon industry. The phrasing goes from "Company X bought bad credits and lied about being carbon neutral" to "Company X bought bad credits and needed to rebalance their portfolio"

ELM encourages third party insurers, since companies take greater responsibility for replacing their old credits. This will dramatically improve carbon credit quality as insurers only ensure good projects.

ELM takes the burden off landowners for 100 year permanence. Farmers would no longer need to commit to protecting their land for generations, instead companies (or ideally trusts) shoulder the burden of 100 year permanence.