Revealed: more than 90% of rainforest carbon offsets by biggest provider are worthless, analysis shows
The Guardian
Investigation into Verra carbon standard finds most are ‘phantom credits’ and may worsen global heating.
The forest carbon offsets approved by the world’s leading provider and used by Disney, Shell, Gucci and other big corporations are largely worthless and could make global heating worse, according to a new investigation. (...)
The Alto Mayo protection forest in Moyobamba, Peru, was supposed to be a flagship offsetting project but has faced human rights issues. Composite: Guardian Design/AFP/Getty Images.
Tags: #climate #climate_change #climate_crisis #co2 #carbon #carbon_offset #verra #dinsey #shell #gucci #rainforest #deforestation #fossil_fuel #global_warming #exhaust #pollution #moyobamba #peru #carbon_credit #phantom_credit #global_heating #forest_carbon_offset