Over 90% of Rainforest Carbon Offsets By Top Provider Worthless: Study
Over 90% of Rainforest Carbon Offsets By Top Provider Worthless: Study
A major investigation reveals that most rainforest carbon offsets from Verra, used by prominent corporations, are likely worthless "phantom credits." This suggests these offsets fail to deliver genuine carbon reductions and may actually exacerbate global heating. Consequently, companies labeling their products as carbon neutral may be misleading consumers. This challenges the validity of corporate climate claims and highlights the risk that such offsets worsen the climate crisis rather than mitigating it. This finding is crucial to understanding greenwashing, as it exposes how businesses exploit flawed certification systems. It demonstrates how misleading environmental marketing can deceive the public while failing to address the root causes of climate change.
Source: sej.orgPublished on 2023-01-20