Why is LEMAN pivoting towards carbon insetting

What is carbon offsetting?

Carbon offsetting is a practice where companies, organizations, or individuals compensate for their greenhouse gas emissions by buying carbon credits tied to projects that remove or reduce CO2 elsewhere—often outside their own operations or industry. Common offset projects include reforestation, renewable energy development (such as wind or solar farms), and methane capture from landfills.

The primary advantage for emitters is the ability to “neutralize” their own emissions by supporting these outside initiatives, which often enable them to meet regulatory, voluntary, or public climate commitments without directly reducing emissions from their operations.

However, offsetting has come under scrutiny for letting companies avoid or delay addressing their actual carbon footprint, relying on the assumption that a reduction elsewhere is as valuable as a reduction at the source.