Carbon offsetting is the practice of compensating for greenhouse gas emissions by funding projects that reduce or remove emissions elsewhere.
[noun] These projects may include reforestation, renewable energy generation and similar initiatives. While useful, offsetting should complement—rather than replace—efforts to reduce emissions at the source.
Example: A company financing a wind farm to balance the CO₂ generated by its business travel is engaging in carbon offsetting.
From ECONYL® Blog
Regeneration
Regeneration refers to the process of restoring, renewing, or revitalizing natural, social, or economic systems.