The recent release of the ‘carbon offsets paper’ by National Treasury raises the question of whether carbon offsets are in need of a feasibility reassessment, for the planet and the bottom line. Do they bring profit? South Africa is one of the world’s top 15 greenhouse gas (GHG) emitters. In 2011 a national climate change policy was adopted on emission reduction measures and the promotion of investment in infrastructure and actions that are climate-change resilient. In line w