Carbon Credits: The $2 Billion Illusion We're All Buying Into!

Over 90% of these credits do not genuinely offset carbon emissions," warns environmental scientist Thales A.P. West.

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The global interest in carbon credits has surged, reaching a market valuation of $2 billion in 2022.

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A comparison between the researchers' calculations and those of the project developers revealed significant discrepancies.

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The study estimates that a staggering 90% of carbon credits from REDD+ projects fail to offset carbon emissions.

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We are deluding ourselves with these purchases," states West.

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In July 2023, it was reported that CO2 offsets from the fossil industry were ineffective.

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It's time to redirect our resources and efforts towards tangible climate change solutions," suggests West.

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Trust, but verify," should be the guiding principle when navigating the complex landscape of carbon credits.

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Our planet deserves better, and so do future generations," concludes West.

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