The Big Problem With Carbon Offsets

Imagine a financial tool that lowers greenhouse gasses, speeds the green transition and rejuvenates forests. That’s the promise of carbon offsets, but far from the reality. In this segment from Getting Warmer, Kal Penn explains how carbon offset markets work, or in most cases don’t.

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Getting Warmer is Bloomberg's exclusive new show about climate, clean energy and business, anchored by actor and former White House aide Kal Penn.

Accompany him on his journey as he takes an up-close look at bold climate solutions and discovers new facets of the global transition to clean energy.

In a hosted studio segment, Penn sifts through the overwhelming news about our climate and breaks down the facts and trends to understand with a dose of humor and optimism. Why are the recycling symbols on your plastic cups misleading? How does the carbon credit market work and does it actually help? And what is the future of water in a drought-ridden world?

On the road, Penn meets the innovators, researchers, communities and businesses pivoting to new energy sources and spearheading low-carbon technologies. In documentary segments, Penn speaks to the self-declared “crypto cowboys” of Texas who claim Bitcoin mining can help stabilize the state’s troubled electrical grid, and travels to Nevada to visit the company attempting to build America’s first closed-loop supply chain for electric vehicles. In New York, Penn explores the urban designs proposed to save the city from the next Superstorm Sandy and goes inside New York’s Empire State building to investigate the challenges of decarbonizing our cities and landmarks.

The show builds on, and includes contributions from, Bloomberg Green’s award-winning team of climate journalists as well as London-based climate storytellers Jack Harries and Alice Aedy. With a focus on the most pressing questions for young viewers, Jack and Alice unpack one big idea each episode. From recycled wastewater to regenerative agriculture and the challenges of a just transition for workers in the energy sector, they’ll break down how countries across the world are finding intriguing solutions to our climate crisis, and outline the challenges ahead.

Watch Getting Warmer starting February 1st at 8p EST streaming on Bloomberg channels on Connected TV Devices including Samsung TV+, LG Channels, and Fire TV. And on & Bloomberg.com.

You can also watch on Bloomberg TV (BTV) at 10p ET.

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