Liberia set to concede 10% of its territory to Emirati company for carbon credit production
Liberia set to concede 10% of its territory to Emirati company for carbon credit production
The pollution rights derived from the conservation or reforestation of nearly 1 million hectares of forests would allow the United Arab Emirates to meet its climate commitments.
Hard paywall, but key facts are before the restriction.
This is interesting. On the one hand, seems great that such a cast area will be redirected and protected. On the other, it's being done by a private company to offset terrible activities. And while a big area, on the global scale it seems tiny.
It sort of makes clear that credits, even when followed, are not going to be enough to solve climate change.
I'm extremely sceptic of carbon credits as a whole. The logic is just flawed. Not because the way you can make carbon credits but because it effectively created a marked where you can buy rights to pollute. For most companies that will be just a matter of economics. If I can make more money by polluting more if I make enough I can just pay to offset the carbon I added to the atmosphere. And seems a bit sad for a country to concede land to a company even if given resource extraction alternatives makes it not that bad.
@GuilhermePelayo @hillsanddales
Let's try to talk to the industry bosses & their political lobbyists as if they were ignorant & badly behaved children.
For example. Primary school level science. "Ok, settle down you naughty kids & listen up. To be serious about tackling #ClimateChange, you need to stop carbon emissions from getting into the atmosphere in the first place.
The biggest problem with carbon offsetting is that it doesn’t really work https://www.greenpeace.org.uk/news/the-biggest-problem-with-carbon-offsetting-is-that-it-doesnt-really-work/