Abstract
Understanding corporate demand for carbon offsets is a critical component of sustainable investments in green finance. It reflects companies' and investors' commitment to environmental sustainability, contributes to emissions reduction, supports the development of green financial instruments, and aligns with broader global sustainability objectives. In recent years, the use of carbon offset credits has increased alongside the voluntary carbon offset market with concerns being raised about the cobra effect of offsets vis-à-vis the investment required for abatement and a reduction in gross emission in keeping with the mitigation hierarchy concept. As the demand for sustainable investments continues to grow, carbon offsets will play an increasingly significant role in shaping the landscape of green finance. This chapter conducts a global systematic literature review and synthesis of 303 peer-review studies and grey publications on the demand for and use of carbon offsets, mitigation deterrence, and abatement approaches of firms.
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