Compensate’s evaluation process found that 91% of carbon offset projects fail.
Tag: Baselines
Madre de Dios Amazon REDD Project: EasyJet’s phantom carbon credits are generated by logging the forest
EasyJet is buying carbon credits from the Madre de Dios Amazon REDD Project in Peru. The REDD project is run by two logging companies.
How to make the climate crisis worse: A story of NFTs, blockchain, and carbon offsets from the REDD Project in Brazil Nut Concessions in Madre de Dios, Peru
By Chris Lang Non-fungible Tokens (NFTs or nifties) hit the headlines last month when Mike Winkelman sold an NFT of a digital artwork for US$69 million at Christie’s. Beeple, as Winkelman calls himself, makes a digital artwork every day. You can see them on his Instagram account – where he has 2.1 million followers.
“Worse than doing nothing”: Shell’s REDD offsets in Indonesia and Peru
By Chris Lang Shell promises drivers in Denmark that they can become “CO2 neutral” when they buy carbon offsets with the petrol on sale in Shell’s petrol stations. Recently, three investigative journalists with the Danish newspaper Politiken spoke to a series of experts who point out that customers cannot trust Shell’s forest conservation promises. Morten…
New Greenpeace report exposes VW’s REDD carbon offset sham. The Katingan REDD project faces problems of additionality, permanence, leakage, land conflicts, and (of course) an unverifiable, counterfactual baseline
By Chris Lang A new report by Greenpeace investigates VW’s “climate neutral” production claims for its new ID series of electric cars. Greenpeace concludes that VW has done too little to reduce its CO2 emissions, and that the carbon credits bought from the Katingan REDD project in Indonesia are neither additional nor permanent. VW’s claims…