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Carbon credit schemes profit from protected Amazon lands

Carbon credit schemes profit from protected Amazon lands

A Washington Post investigation reveals that many carbon credit projects in the Brazilian Amazon illegally use protected public lands and fail to share profits with local communities.

Terrence McCoy, Júlia Ledur and Marina Dias report for The Washington Post.

In short:

  • Many carbon credit ventures in the Amazon overlap with publicly protected lands, generating millions in profits illegally.
  • Companies buying these credits include Netflix, Delta and Air France, with projects covering an area six times the size of Maryland.
  • Brazilian authorities are starting to investigate, uncovering fraud and improper land claims.

Key quote:

“The system is very gameable. And the victim is the planet and all of humanity who suffers because we’re not reducing emissions, but get to pretend we are.”

— Joseph Romm, climate researcher at the University of Pennsylvania

Why this matters:

The misuse of protected lands for carbon credits undermines efforts to combat climate change and defrauds local communities. This corruption in carbon credit markets could hinder global efforts to reduce carbon emissions effectively.

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Carbon-credit market needs reform to survive, study finds
Credit: Pixabay

Carbon-credit market needs reform to survive, study finds

The carbon-credit industry must implement rigorous standards or face extinction, according to a new international review.

Patrick Greenfield reports for The Guardian.

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lancaster carbon credits program

Lancaster nonprofit launches local carbon credit program

A Lancaster-based nonprofit aims to give people and businesses a way to take responsibility for their greenhouse gas emissions while helping their neighbors.

net-zero carbon emissions

For companies eyeing net-zero carbon emissions, ‘no clue how to get there’

Voluntary carbon markets have become the go-to for companies trying to achieve net-zero carbon, but curbing emissions is still most important, executives said at a recent sustainability conference in Singapore.

glebe mountain climate impacts biodiversity
vtdigger.org

Glebe Mountain may soon be Vermont’s latest carbon credit project

Glebe Mountain, seated between 1,400 and 2,600 feet in elevation and surrounded by more forest, is an ideal place for wildlife to roam. It could become more important as the climate warms, sending cold-seeking animals like moose to the upper and northward reaches of Vermont's landscape.

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