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The analysis, published on Thursday, found that 18 big forest offsetting projects had produced millions of carbon credits based on calculations that greatly inflated their conservation impact. The schemes, which generate credits by avoiding hypothetical deforestation, were found not to reduce forest loss or to reduce it by only small amounts, far less than the huge areas they were claiming to protect, rendering the credits largely hot air.

The findings follow a 2020 study of 12 projects in the Brazilian Amazon by the same group, which found they had a negligible impact on stopping deforestation despite generating credits on the basis they were preventing large areas from being destroyed. A 2022 study of 40 Verra-approved projects led by University of Cambridge researchers found that while some projects did stop deforestation, most stopped none or small amounts.

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[-] MF_COOM@hexbear.net 70 points 1 year ago

Wait hang on wait wait wait you're telling me the market won't solve the climate apocalypse?

[-] robot_dog_with_gun@hexbear.net 47 points 1 year ago
[-] newmou@hexbear.net 41 points 1 year ago

Gee who would have thought the cryptocurrency of climate change mitigation wouldn’t work

[-] Magician@hexbear.net 38 points 1 year ago

Welcome to The Cassandra Network, where you won't believe how many times we told you so!

[-] happyandhappy@hexbear.net 36 points 1 year ago
[-] Posadas@hexbear.net 36 points 1 year ago
[-] Elon_Musk@hexbear.net 34 points 1 year ago
[-] Infamousblt@hexbear.net 31 points 1 year ago
[-] lemmyseizethemeans@lemmygrad.ml 28 points 1 year ago* (last edited 1 year ago)

Capitalism trying to capitalism it's way out of a capitalism caused catastrophy. Classic.

[-] barrbaric@hexbear.net 27 points 1 year ago
[-] SootySootySoot@hexbear.net 24 points 1 year ago

"Okay guys Capitalism is exploitative and destroys the planet for greed, we need it to NOT do certain stuff."

"Here I made this Capitalist system called 'Carbon Credits' that will solve it."

"Whaaat this Capitalist system is becoming exploitative and destroying the planet for greed?????"

[-] Owl@hexbear.net 21 points 1 year ago
[-] Magician@hexbear.net 6 points 1 year ago

Lol I had no idea the messed up one became its own emoji

[-] AOCapitulator@hexbear.net 21 points 1 year ago* (last edited 1 year ago)
[-] WhatDoYouMeanPodcast@hexbear.net 19 points 1 year ago

Who did they lose billions to? Maybe a leftist shorted this doomed to fail model and is about to buy a communism?

[-] Redderthanmisty@lemmygrad.ml 11 points 1 year ago

Engles is back baby!

[-] footfaults@hexbear.net 17 points 1 year ago

Them: The free market can solve climate change!

The market:

[-] Dolores@hexbear.net 16 points 1 year ago

i cannot imagine a better person for this to happen to

[-] HamManBad@hexbear.net 15 points 1 year ago
[-] neo@hexbear.net 14 points 1 year ago
this post was submitted on 24 Aug 2023
123 points (100.0% liked)

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