Carbon offsets are everywhere – a $2 billion dollar industry that’s set to grow even more as the US is even incorporating them in its effort to fulfill international climate pledges. Yet in the thirty years since they were created, they have not been proven to work. How did such a good idea go wrong and why is it so sticky? In this episode of Zero, Akshat talks to Mark Trexler of The Climatographers, who helped build the first carbon offset program in 1988, about what went wrong with offsets and if there’s any way to fix them. 

Read more about the dodgy world of carbon offsets in Bloomberg’s three part investigation. 

Read a transcript of this episode, here.

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit www.bloomberg.com/green.