Julian OliverJan 18, 2023

A nine-month investigation undertaken by the Guardian, Die Zeit and SourceMaterial found that 90% of rainforest offsets from the world's biggest provider are worthless "phantom credits". Bought by the likes of Disney, Shell, easyJet and Gucci, it seems they may even do more harm to our environment than good.

Videos taken by residents in Peru showed forced evictions, and their homes cut down with chainsaws for an offset project.

https://www.theguardian.com/environment/2023/jan/18/revealed-forest-carbon-offsets-biggest-provider-worthless-verra-aoe

Revealed: more than 90% of rainforest carbon offsets by biggest certifier are worthless, analysis shows

Investigation into Verra carbon standard finds most are ‘phantom credits’ and may worsen global heating

The Guardian
Show threadJulian OliverJan 18, 2023
Swear the carbon offset market has the same dark whiffs of 'crypto'
Show threadMitchell Whitelaw
@JulianOliver ANU law folks have done a comprehensive demolition of the Australian offsets market: https://law.anu.edu.au/news-and-events/news/australia’s-carbon-market-fraud-environment
Australia’s carbon market a 'fraud on the environment'

Australia’s Emissions Reduction Fund (ERF) has serious governance flaws and is potentially wasting billions of dollars in taxpayers' money, ANU environmental law scholars warn.

ANU College of Law
Jan 19, 2023 at 9:25amWeb