Top Posts
Earthquake hits Northern Iran amid tensions with Israel
Flash Flood: Ogun appeals to residents not to...
VP seeks collaboration to tackle Illegal migration, climate...
Fashion brands accused of shortcuts on climate pledges
BRICS countries develop shared position on climate finance
Europe launches climate change commission
Macron rebukes climate change deniers Ahead of Nice...
Zulum, others urge FG to accelerate N80bn rehabilitation...
Group Advocates Stronger Policies To Mitigate Climate Change
Death toll from Mokwa flood rises to 153
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

Report shows Rainforest carbon credit schemes misleading, ineffective

by admineconai September 15, 2023
written by admineconai September 15, 2023
570

A report has concluded that the rainforest conservation projects are not suitable for carbon offsetting and a different approach should be used to effectively protect critical ecosystems such as the Amazon and Congo basin.

The new research, undertaken by UC Berkeley Carbon Trading Project looking into rainforest carbon credits certified by Verra, which operates the world’s leading carbon standard, found that the system is not fit for purpose.

According to the report, the forest generates highly inflated environmental impacts and some projects fail to provide safeguards for vulnerable forest communities, making them unsuitable for companies to use for carbon offsetting claims as they are not equivalent to fossil fuel emissions.

The report showed that halting the destruction of the world’s rainforests is an urgent task for meeting UN climate and biodiversity targets, and supporters of carbon markets say they could direct billions to climate change and biodiversity mitigation if they work as intended.

Read also: Study warns Addis Ababa faces growing climate change risks

The new assessment, funded by the NGO Carbon Market Watch, found that the current system of generating rainforest protection carbon credits was not fit for purpose and was open to exploitation.

The researchers assessed five quality factors of Verra’s rainforest carbon credit system, known as Redd+ projects: their durability, forest carbon accounting, community safeguards, deforestation leakage and baselines, finding widespread shortcomings in all areas.

Furthermore, they found that the majority of credits did not represent a positive impact on the climate, that projects had routinely underplayed the risk of displacing deforestation elsewhere, and that auditors often failed to enforce Verra’s own rules on generating credits. The report said some Redd+ projects had led to the displacement or dispossession of vulnerable communities, despite safeguards that were meant to prevent harm.

“Our research shows that the project type with the most credits on the voluntary carbon market, avoided deforestation, generates highly inflated credits that put forest communities at risk, said Barbara Haya, the director of the Berkeley Carbon Trading project who led the report. “An entirely different approach is needed to reduce deforestation and cut emissions,”.

Also, the report recommended that governments and businesses should focus on curbing the drivers of deforestation around the world, support plans designed to help Indigenous communities conserve forests, and said companies should support a contributions approach to supporting rainforest conservation instead of buying offsets.

Story was adapted from the Guardian.

Carbon creditsMisleadingRainforest
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
Study warns Addis Ababa faces growing climate change risks
next post
Climate activists hold rallies against fossil fuel in New York

Related Posts

Fashion brands accused of shortcuts on climate pledges

June 12, 2025

BRICS countries develop shared position on climate finance

June 12, 2025

Europe launches climate change commission

June 12, 2025

Macron rebukes climate change deniers Ahead of Nice...

June 9, 2025

Scientists say nearly 40% of the world’s glaciers...

June 3, 2025

German court dismisses climate case against RWE

May 28, 2025

WHO Climate Change action plan approved

May 28, 2025

Report: World likely to breach 1.5°C limit in...

May 28, 2025

At Bonn climate talks, Brazil demands early deals...

May 23, 2025

Guterres raises alarm over rapid Himalayan glacier melt

May 17, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World