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 threadJarjan (He/Him)Jan 19, 2023
@JulianOliver Not so surprising, that's what you get if you let "the market" solve the issue... It's the same with healthcare, public transport, energy, all public goods and services that have been left to "the market" become corrupted and enshittyfief for profit (I word I'm shamelessly stealing from Cory Doctorow).
Show threadPatrick McLaughlin

@jarjan @JulianOliver

That typo is disturbingly apt.

Jan 19, 2023 at 2:55pmWeb