carbon offsets

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.

When we looked at satellite tracking of carbon levels and logging activity in California forests, we found that carbon isn’t increasing in the state’s 37 offset project sites any more than in other areas, and timber companies aren’t logging less than they did before.

The U.S. is set to unveil a plan at COP27 for private companies to fund the renewable energy transition in exchange for carbon credits.  U.S. president Joe Biden’s climate envoy John Kerry has reportedly been speaking with private companies and national governments to build support for the idea. It is slated to be announced at […]

What Are Carbon Offsets? Carbon offsets are in theory a way to cancel out greenhouse gas emissions by funding an activity that will remove a supposedly equal amount of carbon dioxide from the atmosphere or prevent an equal amount of carbon pollution. They can be purchased by everyone from major companies pursuing net-zero emissions goals […]

In their bid to reach net-zero by a certain date, many companies are buying carbon offsets to compensate for their greenhouse gas emissions by funding activities that are supposed to remove an equivalent amount of carbon dioxide from the atmosphere.