carbon offsets

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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    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.

    Carbon Offsets 101: Why We Can’t Offset Our Way Out of the Climate Crisis

    Carbon Offsets 101: Why We Can’t Offset Our Way Out of the Climate Crisis

    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 […]