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He Pioneered Carbon Offsets to Save Tropical Forests. Now Market Is Collapsing
- sam345 3y agoNo Paywall: https://archive.ph/BJED8 https://archive.ph/BJED8
- sam345 3y ago>One of the most contentious issues is how to ensure the quality of credits, each of which is supposed to equal a metric ton of carbon emissions avoided, reduced or removed....We found poor quality under every rock we turned,” says Barbara Haya, director of a carbon-offsets research group at the University of California, Berkeley, of conservation projects in general. She is a co-author of a September report saying conservation projects generally vastly overestimate how many credits they should issue. Seems like basic stuff being called into question. This is how markets crash quickly. The crowd decides that the boy whispering that the emporor is naked (Naked!) might be right. Look out below. Carbon nuetral just got a whole lot harder.
- pauldenton 3y agoThis is like hearing the Market for Indulgences is collapsing. Keep nailing those Theses Luther!