How Vintage Nike Airs Exposed a Flaw in a $700 Million Carbon Market | Everything from wildfires to fraud adds risk for investors in carbon offsets. New questions about how the market insures itself
How Vintage Nike Airs Exposed a Flaw in a $700 Million Carbon Market | Everything from wildfires to fraud adds risk for investors in carbon offsets. New questions about how the market insures itself
Everything from wildfires to fraud is adding risk for investors in carbon offsets. Now there are new questions about how the market is trying to insure itself.
TL;DR;
Nike used to put SF6, a greenhouse gas which causes 24300 times more warming than CO2 over 100 years, in the "air" cushions in their shoes. Nike stopped, and sold carbon offsets based on the counterfactual of what the world would be like if they kept putting it in shoes. These offsets are part of the "buffer pool" to compensate for the fact that some offsets turn out to be bogus or simply fail due to unanticipated consequences.
You're viewing a single thread.
From the Wikipedia article:
Nike likewise used it to obtain a patent and to fill the cushion bags in all of their "Air"-branded shoes from 1992 to 2006.[36] 277 tons was used during the peak in 1997.[33]
That's what, ~5 million tons/yr CO2e? That's on par with the operating emissions of a large business - just for the "air" to fill a single product