Between 2003 and 2010, the unfulfilled global offset market was around $50bn.This is expected to double by the end of this decade.
The problem for most suppliers is that fulfilling offset obligations is a non-core activity and because, in most cases, there are heavy penalties imposed for non-fulfilment, they can be a costly burden.
The number and cost of offset obligations are growing at an alarming rate which is not matched by suppliers’ ability to fulfill them so we are seeing a widening “offset gap” in the marketplace. Tricolom works with companies to plug the offset gap, helping them to fulfil their offset obligations more efficiently.
There is no uniform legislative or regulatory body to monitor the delivery of offsets so it is up to the buyer country and the supplier to negotiate terms for delivery and penalties to be imposed.