ACN Business

Companies are buying up cheap carbon offsets − data suggest it may be more about greenwashing than helping the climate

Written by: Sehoon Kim, Assistant Professor of Finance, University of Florida

Greenwashing involves giving false impressions about a company's impact on the environment.Illustration by WhataWin/iStock/Getty Images Plus

Carbon offsets have become big business as more companies make promises to protect the climate but can’t meet the goals on their own.

When a company buys carbon offsets, it pays a project elsewhere to...

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Companies are buying up cheap carbon offsets − data suggest it may be more about greenwashing than helping the climate

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