Let’s then look at an example. Take a low-cost airline. They are major emitters. As it stands we know of no viable alternative fuel on which they can rely. That may happen, but prudence will require any auditor to dismiss that claim for now. Accounts have to be audited on the basis of facts, not make-believe. Offset is, then, their only option.
At $US 4 cents per kWh hydrogen is cost competitive. Current solar costs in Abu Dhabi are around 1.5 cents per kWh. Meaning that electrolysis to hydrogen then formulation up to jet fuel works economically.
Oh, the auditor’s assumption is complete bollocks then, isn’t it? And so will any system that depends upon a auditors assumptions about the costs of any particular technological change.
Complete cockrot in fact.