Not all gigajoules are created equal: 'Greening' the entire energy system is a fallacy within offsetting

Mark Carney's pronouncement that Brookfield Asset Management Inc was operating net zero, and subsequent walk-back, illustrates one of the continuing and deeply concerning fallacies that surrounds the concept of carbon offsetting. It presumes a simplicity that does not exist. And a falsehood that, should it continue to be perpetuated, could fatally undermine the world's path to true net zero. The fallacy is that renewables and non-renewables energy are on either side of some sort of weighing scale where one can cancel the other out. Liontrust's Michaelis: Our sustainable investing s...