Recently, ProPublica published a well researched article on the pitfalls of generating carbon credits from forest conservation: “An (Even More) Inconvenient Truth: Why Carbon Credits For Forest Preservation May Be Worse Than Nothing”. The article caused quite a stir and generated a series of responses from REDD proponents.
Tag: VCS
Interview with Kate Heller, VCS Communications Manager, about April Salumei: “We cannot speak for the other ‘credits’ issued by the project”
In 2011, a Swiss company called World Markets AG bought five million “carbon benefit units”. They came from the April Salumei REDD project in Papua New Guinea. World Markets sold the “carbon benefit units” at a profit of over US$5 million.
Why is VCS so reluctant to help stamp out carbon credit scams?
Earlier this week, Dennis Myles left a comment on REDD-Monitor. Myles had been “approached” by someone calling themselves Timothy Davies, who claimed to work for Verified Carbon Standard (VCS).
Why doesn’t VCS warn against buying carbon credits as an investment?
There are many reasons not to buy voluntary carbon credits as an investment. The price is likely to fall over time. There is no secondary market. And you’re more than likely to be ripped off when you buy carbon credits.