"The Telegraph has an investigative report into carbon offsets today, unfortunately paywalled. For those who can access it, it is here.
The report claims that customers are at risk of being ripped off in a “Wild West” unregulated carbon market, and that in many cases the schemes may not be offsetting emissions at all.
It includes this video, which gives a glimpse into the abuse of the system.
It includes this video, which gives a glimpse into the abuse of the system.
Just to pick some of the points raised in the story, it is claimed that many offsetting projects which claim to prevent deforestation or plant trees have had the opposite effect.
...Meanwhile studies have shown that around three quarters of projects do not provide any environmental gain because they would have happened anyway.
...If you chuck millions of pounds at developing countries no questions asked, you should not be surprised if they just take the money and carry on as before, looking after their own interest.
...And in many cases, the West is merely paying for things that would have been done anyway.
I have long held the view anyway that the whole offsetting industry is little more than a virtue signalling sham..."
Read all.
No comments:
Post a Comment