Aerial view of a restored area previously affected by fires and pasture cultivation for illegal cattle ranching, in Cruce a La Colorada community within the Maya Biosphere Reserve in Peten Department, Guatemala, on October 4, 2023PARIS, France —
Its authors urged a "radical rethink" of increasingly popular market-based approaches often promoted as effective at saving forests, curbing global warming and raising living standards in developing nations. Its lead author, Constance McDermott from the University of Oxford, said this may not be true of all individual projects "but overall... it's hard to say they've been a rousing success".
"As both cases show, 'wins' are often gained elsewhere, while the burdens of forest loss, enclosures and forestland conversion are carried locally," said Brockhaus. "There's no accountability. If this doesn't work -- or farmers are pushed off their farm as a result -- it's not going to hurt the person eating chocolate in the UK or Germany," she said.Despite recent turmoil, carbon markets are projected to grow into a multi-billion-dollar industry as corporations increasingly turn to credits to meet their net-zero climate targets.
But there are growing concerns about how much of that revenue poor communities might expect to see, with unscrupulous actors accused of exploitation.
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