THE ADDITIONALITY DOUBLE STANDARD

Carbon offsets are widely criticized for lacking additionality. The public debate, however, has failed to recognize that the problem of additionality goes far beyond offsets. It arises any time the government subsidizes an activity. Programs with longer histories than offsets and far more money at s...

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Veröffentlicht in:The Harvard environmental law review : HELR 2024-01, Vol.48 (1), p.118
Hauptverfasser: Salzman, James, Weisbach, David
Format: Artikel
Sprache:eng
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Zusammenfassung:Carbon offsets are widely criticized for lacking additionality. The public debate, however, has failed to recognize that the problem of additionality goes far beyond offsets. It arises any time the government subsidizes an activity. Programs with longer histories than offsets and far more money at stake offer valuable lessons for managing lack of additionality in offsets. The article sets out the current efforts to prove offset additionality, explains why major government programs present comparable additionality challenges, and show why other programs' problems of additionality are perceived as significantly different than those for offsets. We examine the toolkit used to address additionality in subsidies and show how this can be usefully applied to offsets. Offsets are central to many climate pledges, so it is critically important they be credible. But the challenge of managing offset additionality need not be understood in isolation. It is, in fact, a common problem with tested solutions.
ISSN:0147-8257