Page 71 - Msingi Afrika Magazine Issue 23

The Environment

offset credits that do little
to reduce greenhouse gas
emissions, some of which
have been tied to reports
of environmental damage,
displacement, or health
problems.

An assessment of the Northern
Kenya Grassland Carbon
Project, run by the Northern
Rangelands Trust (NRT),
found it relies on flawed
methodological assumptions,
calling into question the
credibility of the offsets it
generates.

An investigation by Le
Monde found that three carbon
offsetting projects in Portel,
Brazil – which have sold credits
to Air France, Boeing, Bayer,
Veolia, LCL, and Samsung – are “unsuitable for offset use.”
fraudulent and have no climate
benefits. Based on their own analysis, the offset rating agency BeZero noted
that while “[t]he theory of carbon markets assumes that all credits
In Papua New Guinea, an represent emissions avoidance or removal equal to 1 tCO₂e …
investigation by ABC found evidence increasingly shows that this is not the case.”
evidence of commercial logging
happening in a rainforest meant
to be protected by a carbon Organisations:
credit scheme run by US-based
company NIHT. Global Justice Ecology Project, North America/International
Friends of the Earth International
A publication from the US- GRAIN
based Penn Center for Science,
Sustainability and the Media ETC Group
concludes that carbon offsets Focus on the Global South
undermine the UN Paris World Rainforest Movement
Agreement. A Growing Culture

Research by the former offset The Oakland Institute
provider Compensate suggests Indigenous Climate Action
that credits from the majority Just Transition Alliance
of the more than 170 screened Hoodwinked Collaborative
‘nature-based’ offset projects
that are sold on markets are Indigenous Environmental Network

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