offsets schemes

Offset schemes are methods used to account for or balance emissions or costs in environmental and economic systems. They work by allocating or "offsetting" emissions, costs, or impacts to ensure overall targets are met without exceeding limits. For example, if a company reduces emissions in one area, it might "offset" this by investing in renewable energy or planting trees elsewhere. These schemes help create a system where total emissions or impacts stay within set boundaries, encouraging sustainable practices while allowing flexibility in how reductions are achieved across different activities or locations.