Voluntary carbon credits have become big business as more and more companies purchase these offsets to reduce their net emissions while they make structural changes to their operations and try to become net zero in the future. But among ESG investors, these carbon credits are heavily disputed because it is unclear if these schemes really help reduce emissions or avoid deforestation. This can lead to sensationalist newspaper articles like
There is a difference between carbon credits for avoided deforestation and reforestation / afforestation. Former needs work but is necessary. Latter (what I do with my business) can only happen if we get paid by selling carbon credits.
When Money is involved, I Tend to assume that the pessimistic studies are more correct than the optimistic ones.
There is a difference between carbon credits for avoided deforestation and reforestation / afforestation. Former needs work but is necessary. Latter (what I do with my business) can only happen if we get paid by selling carbon credits.
thanks for the article. Some interesting thoughts on that topic: https://everland.earth/news/the-science-behind-the-the-guardian-piece-is-fatally-flawed/#