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LSDefine

Simple English definitions for legal terms

carbon offset

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A quick definition of carbon offset:

A carbon offset is like a credit that shows you helped remove one ton of a gas called carbon dioxide from the air. You can get these credits by doing things like planting trees or capturing carbon. People who pollute too much can buy these credits to make up for the pollution they caused. This can help reduce the amount of pollution in the air. But some people are not sure if this really works, because there are not many rules about it. The government is now looking into whether they should make more rules about carbon offsets.

A more thorough explanation:

Carbon offsets are credits that represent the removal of one ton of carbon dioxide from the atmosphere. These credits can be obtained through activities such as planting trees or carbon capture. They legally offset the amount of carbon that a polluting entity has emitted. Once obtained, carbon offsets can be sold to other parties as authorized by the Kyoto Protocol.

For example, a company that emits a lot of carbon dioxide can purchase carbon offsets to balance out their emissions. They might buy credits from a company that has planted a lot of trees, which absorb carbon dioxide from the atmosphere.

Carbon offsets are particularly relevant in cap-and-trade programs. These programs regulate the maximum amount of pollution for a given period of time. Entities wishing to emit pollution levels greater than the cap must purchase the unused pollution credits of others. In theory, carbon offsets in combination with cap-and-trade programs can help reduce the amount of greenhouse gases within the atmosphere.

However, the lack of regulation in the carbon offset market has led to skepticism regarding whether the supposed climate benefits of carbon offsets are playing out in practice. As of 2022, the United States Commodity Future Trading Commission (CFTC) began investigating whether carbon offsets should be regulated under existing securities law.

carbon capture | carbon offsets

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14:19
I fear I realized too late
babycat
14:20
another victim claimed
concorde
14:22
pwned
14:22
Might have to send in addendums for that
Dkk
14:26
No wave, so sad.
WorthlessAttractiveZombie
14:28
What are the odds that berk releases later today?
babycat
14:28
@Dkk: And here I thought you were a prophet. Smh.
14:33
@WorthlessAttractiveZombie: 4
WorthlessAttractiveZombie
14:35
@EvolBunny: I will take the odds of 4, very promising
14:38
I'm too drunk to taste this chicken
Dkk
14:38
Lol, I suck I guess. @babycat
14:40
suck what? (:
Dkk
14:42
suck at predicting
14:43
boooooo
1a2b3c4d26z
14:45
hi guys
1a2b3c4d26z
14:45
how is everyone doing this fine friday
1a2b3c4d26z
14:46
Tonight im going to go for a run and lift some weights and then eat some dinner (probably a burrito) and then I'm going to watch a scary movie with my girlfriend (probably Longlegs). I'm so excited :)
1a2b3c4d26z
14:46
What is everyone else doing tonight
1a2b3c4d26z
14:47
Besides YM of course
14:47
Yoooo I’m a lifter too
14:47
I'm all good, I'm tipsy in Zanzibar finishing an app and laughing my ass off to this:
babycat
14:48
renard what are you drinking?
BulbasaurNoLikeCardio
14:50
Feeling like sad drinking tonight, wife accidentally tossed out my truck keys and those are expensive as fuck to replace. The crappiest part is that the key chain had the "remove before flight" tab from my first aircraft's rocket pods overseas from 6 years ago. Then find out people fucked around and back dated reports at work making me look like a shit bag so I am working later tonight and missing range time which is my weekly relax/me time. Add in my sleep meds stopped working, so I am thinking vodka (so I stay skinny and hot) and pizza by the fireplace kind of friday.
1a2b3c4d26z
14:51
Renard if you're not drinking margs Im gonna throw hands
14:51
Was at a restaurant and they decided to have me try something called "Double Kick" free of charge, it's like a sugar cane liquor with pineapple flavor
1a2b3c4d26z
14:51
missing range time :(
1a2b3c4d26z
14:52
That sounds good renard but unfortunately I'll still have to throw hands
Tonight I’m Having a date with this guy who asked me out couple times
BulbasaurNoLikeCardio
14:54
What made you give in and go out after he asked a couple times?
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