In early 2023, the Guardian published an article suggesting that more than 90% of rainforest carbon offsets are worthless. These credits are essentially a promise to protect forests and can be bought as a way to 'offset' emissions elsewhere. Verra, the largest certifier of these offset credits, said the claims were 'absolutely incorrect' but the story still shook confidence in the billion-dollar market. Soon after, Verra's CEO stood down.
than they have delivered. So that guilt-free flight to New York probably isn't carbon neutral after all.
Carbon credits also face other challenges, one of the biggest being"leakage" or displacement of deforestation. Leakage may occur because the people who were cutting down the forest simply relocate to a different area.
France Dernières Nouvelles, France Actualités
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