Critics say millions of dollars are being spent by local governments on offsetting when it should be the last resort
Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcast
Renewed questions are being asked about Australian councils’ use of international projects to offset local carbon emissions, off the back of a Guardian investigation that found 90% of rainforest credits issued by one leading company were likely worthless.
The research into Verra, a world leader in the rapidly growing voluntary offsets market, found that the majority of rainforest offset credits were likely “phantom credits” and do not represent genuine carbon reductions.
Continue reading…Critics say millions of dollars are being spent by local governments on offsetting when it should be the last resortFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastRenewed questions are being asked about Australian councils’ use of international projects to offset local carbon emissions, off the back of a Guardian investigation that found 90% of rainforest credits issued by one leading company were likely worthless.The research into Verra, a world leader in the rapidly growing voluntary offsets market, found that the majority of rainforest offset credits were likely “phantom credits” and do not represent genuine carbon reductions. Continue reading…