He Pioneered Carbon Offsets to Save Tropical Forests. Now the Market Is Collapsing.

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Ntandenyanga, a village in the Mai Ndombe area in the Democratic Republic of the Congo.

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https://www.wsj.com/science/environment/he-pioneered-carbon-offsets-to-save-tropical-forests-now-the-market-is-collapsing-18a5bc54Mike Korchinsky used offset credits to funnel millions of dollars to conservation projects. Now he’s fighting a crisis of confidence in the industry.

Now, the 62-year-old from the California Bay Area is fighting to keep that business—and his own revenue stream—alive amid a crisis of confidence that is shaking the industry he helped start. This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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