EU may allow carbon credits from developing countries to count towards climate goals | Green groups furious at plans to let member states buy controversial carbon offsets from abroad
EU may allow carbon credits from developing countries to count towards climate goals | Green groups furious at plans to let member states buy controversial carbon offsets from abroad
Exclusive: Green groups furious at plans to let member states buy controversial carbon offsets from overseas
cross-posted from: https://slrpnk.net/post/24142922
archived (Wayback Machine)
Carbon credits have often been based on non-existent contracts with local people, or used for land-grabbing, or reforestation projects in which trees were not maintained and were soon cut down or eaten by cows, or otherwise fraudulent. In any case, letting humans take credit for photosynthesis is flawed emissions accounting, and the price of each credit is much lower than the social and environmental cost of the emissions that it offsets.
So, europe is not going to reduce emissions at all.
At best, in a fantasy world where this could work, it just becomes a tool of bullshit imperialism, maybe gentrification in 100 years.