this post was submitted on 24 Aug 2023
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The analysis, published on Thursday, found that 18 big forest offsetting projects had produced millions of carbon credits based on calculations that greatly inflated their conservation impact. The schemes, which generate credits by avoiding hypothetical deforestation, were found not to reduce forest loss or to reduce it by only small amounts, far less than the huge areas they were claiming to protect, rendering the credits largely hot air.

The findings follow a 2020 study of 12 projects in the Brazilian Amazon by the same group, which found they had a negligible impact on stopping deforestation despite generating credits on the basis they were preventing large areas from being destroyed. A 2022 study of 40 Verra-approved projects led by University of Cambridge researchers found that while some projects did stop deforestation, most stopped none or small amounts.

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[–] MF_COOM@hexbear.net 70 points 2 years ago

Wait hang on wait wait wait you're telling me the market won't solve the climate apocalypse?

[–] Trudge@lemmygrad.ml 48 points 2 years ago (1 children)

Carbon trading market is not free enough - hindered by regulations. That's clearly the problem. Deregulate carbon trading and the market will fix itself.

[–] JohnBrownsDream@hexbear.net 48 points 2 years ago (3 children)

Another problem is accountability. Put it on the blockchain and guarantee it with ironclad smart contracts (further backed up by NFTs of old growth forest images) and I've exhausted the number of crypto references I can put in one sentence.

[–] emizeko@hexbear.net 35 points 2 years ago

you can use multiple slurp juices on a single crypto riff

[–] AOCapitulator@hexbear.net 29 points 2 years ago

But what you don't understand is that you can use multiple slurp juices per tree to maximize your splonking

[–] Mardoniush@hexbear.net 27 points 2 years ago

All my climate credits gone. This just melted please help.

[–] robot_dog_with_gun@hexbear.net 47 points 2 years ago
[–] newmou@hexbear.net 41 points 2 years ago

Gee who would have thought the cryptocurrency of climate change mitigation wouldn’t work

[–] Magician@hexbear.net 38 points 2 years ago

Welcome to The Cassandra Network, where you won't believe how many times we told you so!

[–] Posadas@hexbear.net 36 points 2 years ago
[–] happyandhappy@hexbear.net 36 points 2 years ago
[–] Elon_Musk@hexbear.net 34 points 2 years ago
[–] Infamousblt@hexbear.net 31 points 2 years ago
[–] lemmyseizethemeans@lemmygrad.ml 28 points 2 years ago* (last edited 2 years ago)

Capitalism trying to capitalism it's way out of a capitalism caused catastrophy. Classic.

[–] barrbaric@hexbear.net 27 points 2 years ago
[–] SootySootySoot@hexbear.net 24 points 2 years ago

"Okay guys Capitalism is exploitative and destroys the planet for greed, we need it to NOT do certain stuff."

"Here I made this Capitalist system called 'Carbon Credits' that will solve it."

"Whaaat this Capitalist system is becoming exploitative and destroying the planet for greed?????"

[–] AOCapitulator@hexbear.net 21 points 2 years ago* (last edited 2 years ago)
[–] Owl@hexbear.net 21 points 2 years ago (1 children)
[–] Magician@hexbear.net 6 points 2 years ago

Lol I had no idea the messed up one became its own emoji

[–] WhatDoYouMeanPodcast@hexbear.net 19 points 2 years ago (1 children)

Who did they lose billions to? Maybe a leftist shorted this doomed to fail model and is about to buy a communism?

[–] Redderthanmisty@lemmygrad.ml 11 points 2 years ago

Engles is back baby!

[–] footfaults@hexbear.net 17 points 2 years ago

Them: The free market can solve climate change!

The market:

[–] HornyOnMain@hexbear.net 17 points 2 years ago
[–] Dolores@hexbear.net 16 points 2 years ago

i cannot imagine a better person for this to happen to

[–] HamManBad@hexbear.net 15 points 2 years ago
[–] neo@hexbear.net 14 points 2 years ago