The benefits of offsets go beyond emissions reductions and have historically provided new environmental, social, and economic opportunities for local and rural communities. These co-benefits can touch on many aspects of community livelihoods: biodiversity conservation, sustainable agriculture, water conservation and management, and social equity and justice. In this episode, Ana Moreno, Coordinator of Climate Change at MiAMBIENTE, will share experiences from Panama on how carbon project design and evaluation can support the inclusion of locally impacted communities and provide greater co-benefits.