Carbon offsetting is like selling pardons to redeem the dead

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Carbon offsetting is like selling pardons to redeem the dead
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While many companies’ motives may be admirable, the new gold rush could prove to be a dangerous delusion, writes Camilla Cavendish

London — Not since the Catholic Church sold indulgences to reduce time in purgatory has there been such a flourishing market in the forgiveness of sin.

Thanks to climate change, a rash of organisations are offering to absolve guilt over polluting if we pay them to “offset” carbon. While their motives may be admirable, this new gold rush could prove to be a dangerous delusion.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

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