Global Warming & Carbon Offsets

Selling carbon offsets to the public is a silly “feel good” activity, but the concept does work on a large scale. If two companies have large scale activities that produce large CO2 emissions it may make economic sense for one to help finance their carbon reduction efforts by selling credits to another company. Obviously, it will be more practical for some types of industries than others to reduce carbon, credit are just another commodity that can be traded (like currency options or oil futures).