Syndication: Newstex

94% of Forest-Based Carbon Offsets Certified By Leading Global Provider Are ‘Phantom Credits,’ Major Investigation Finds

94% of Forest-Based Carbon Offsets Certified By Leading Global Provider Are ‘Phantom Credits,’ Major Investigation Finds

A new investigation from The Guardian, Die Zeit and SourceMaterial leads heavily towards the latter conclusion. The report, published Wednesday, found that more than 90 percent of the rainforest offset credits offered by top carbon standard Verra are actually what The Guardian called “phandom credits” that don’t actually remove carbon dioxide from the atmosphere.

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    China’s Coal Output Reached Record Heights in 2022

    China’s Coal Output Reached Record Heights in 2022

    Scientists have said that, in order to limit global heating to 1.5 degrees Celsius above pre-industrial levels and avoid the worst impacts of the climate crisis, all or almost all of coal burning must cease by 2050.  Yet in 2022, China produced a record amount of coal at 4.496 billion tonnes, which is nine percent […]