We must re-evaluate assumptions about carbon trading for effective climate change mitigation (2411.08053v2)

Abstract: Effective climate action depends on dismantling the assumptions and oversimplifications that have become the basis of climate policy. The assumption that greenhouse gases (GHG) are fungible and the use of single-point values in normalizing GHG species to CO2-equivalents can propagate inaccuracies in carbon accounting and have already led to failures of carbon offset systems. Separate emission reduction targets and tracking by GHG species are recommended to achieve long-term climate stabilization.