Major registries in the carbon offset market are systematically over-crediting projects and delivering dubious carbon offsets, allowing some companies to claim more climate benefits than deserved, according to a new report.
Carbon offset projects allow businesses and governments to balance out their own carbon emissions by supporting green initiatives that reduce or sequester an equal amount of carbon pollution. Carbon offset projects allow businesses and governments to balance out their carbon emissions by supporting green initiatives that reduce or sequester an equal amount of carbon pollution. Standards are upheld by groups that have their own registries and are largely unregulated.
Voluntary carbon offset programs have been widely criticized as insufficiently regulated schemes that allow governments and corporations to undermine net-zero emission targets. For instance, some reports suggest that land managers are. Officials, researchers and environmental groups have called for stricter standards.
Ya think …. It’s a money laundering.
Carbon Credits kinda remind me of purgatory.