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SeedMagazine (seedmagazine.com) has a very interesting (and comprehensive) discussion on Carbon Offsets.
Some of the points:
- On the plus side, offsets are cost effective and easy to implement
- On the negative side, there is the very real problem of 3rd party verification. And, in general, the possibility of offsets doesnt do enough to discourage non-clean energy uses (coal for instance).