By Chris Lang Last week, 23 researchers and experts published an article in the Swedish newspaper Dagens Nyheter titled, “Misleading and false myths about carbon offsets”. The article was initiated by Researchers Desk, a non-profit association set up in October 2019 in response to Greta Thunberg’s call to “listen to the researchers”.
REDD-Monitor recently described Mark Carney’s Taskforce on Scaling Voluntary Carbon Markets as “madness”. Unilever’s member of the Taskforce called this an “incredibly important perspective.”
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…
By Chris Lang A new report by the UN’s Principles for Responsible Investment makes the claim that, “forest-related Nature-Based Solutions (NBS) could generate US$800 billion in annual revenues by 2050, worth US$1.2 trillion today in NPV [net present value] terms, surpassing the current market capitalisation of the oil & gas majors”.
We have more than 20 years of evidence that carbon markets have failed to address the climate crisis. Yet carbon trading is booming. The oil industry plans to use natural climate solutions to greenwash its operations, and the aviation industry plans to use carbon offsets to allow its emissions to continue increasing.