‘Worthless’ forest carbon offsets risk exacerbating climate change: 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, …
Carbon dioxide lasts for centuries – so should carbon offsets: If a forest goes up in smoke, what about the offset? Christian Roberts-Olsen / shutterstock Carbon dioxide, once emitted into the atmosphere, stays there for hundreds of years. When someone uses an offset to counteract emissions they need to make sure the offset they buy …
Carbon offsets offer a fantasy of capitalism without crises: Governments, companies and sometimes entire sectors are increasingly proposing to use carbon offsets in response to the deepening climate crisis. In theory, offsetting allows organisations to compensate for their own emissions by paying towards low-carbon projects elsewhere, but the practice has been mired in scientific problems …
South Africa in the news: Surge in investor appeal for gold offsets global demand drop: A strong 21 per cent growth in global investment demand for gold in the third quarter partially offset an overall demand plunge for the yellow metal, according to the World Gold Council’s latest Gold …: “South Africa” – BingNews Rangers …