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The Latest Breaking News from Verra

‘There is no money’: As carbon markets collapse, what happens to the forests they promised to protect?

After it was found most offsets did not represent real carbon reductions, the money dried up. But successful schemes such as Kasigau in Kenya now face a stark future

The Guardian - UK

In Brazil, An Amazon Reforestation Project Seeks To Redeem Carbon Markets

In the Brazilian Amazon, workers use metal tubes to sow seedlings in rapid succession, as part of an effort to reforest the jungle with millions of trees.

International Business Times

Ex-carbon offsetting boss charged in New York with multimillion-dollar fraud

Kenneth Newcombe, formerly CEO of C-Quest Capital, indicted over allegations of carbon credit manipulation

The Guardian - UK

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Controversial Cambodia Carbon Credit Project Reinstated

A carbon credit scheme in Cambodia that was put on hold after allegations of rights abuses has been reinstated after more than a year of review, a verification body said.

International Business Times

‘Reform or go out of business,’ carbon offsetting industry told

Study finds carbon credits could raise billions for climate action but only with changes, such as rigorous standards

The Guardian - UK

Market value of carbon offsets drops 61%, report finds

Negative scientific and press reports on the efficacy of carbon credit projects has led to a ‘direct pullback in buyer investment’

The Guardian - UK

‘We don’t know where the money is going’: the ‘carbon cowboys’ making millions from credit schemes

Carbon schemes are touted as a way to transfer billions in climate finance to the developing world – but people at the Kariba project in Zimbabwe say most of the profits never arrive

The Guardian - UK

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Cookstove carbon offsets overstate climate benefit by 1,000%, study finds

Cookstove projects are one of the fastest-growing carbon offset schemes but research finds carbon benefits are vastly overstated

The Guardian - UK

Can Indigenous inclusivity be the key to successful carbon markets?

Indigenous communities at COP28 stress they be part of climate solutions on carbon offsets as their lands are at play.

Al Jazeera

Around the world, around the clock: how we report on a world on fire

The Guardian’s journalism shines a spotlight on the climate crisis and the damage being done to the natural world, holding governments and powerful interests to account – this is how we do it

The Guardian - UK

At talks on cutting plastics pollution, plastics credits are on the table. What are they?

As countries meet in Nairobi to negotiate a treaty aimed at cutting plastics pollution, one of the tools that's been discussed is plastics credits

The Independent UK

The world is awash in plastic. Oil producers want a say in how it's cleaned up

Groups connected to the fossil fuel industry are trying to shape an international treaty to cut plastic pollution. And oil- and gas-producing nations are at the negotiating table.

WEKU

Allegations of extensive sexual abuse at Kenyan offsetting project used by Shell and Netflix

NGOs report allegations of abuse and harassment at Kasigau Corridor conservation project in southern Kenya over 12 years

The Guardian - UK

Rainforest carbon credit schemes misleading and ineffective, finds report

System not fit for carbon offsetting, puts Indigenous communities at risk and should be replaced with new approach, say researchers

The Guardian - UK

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Salon

Why carbon offsets don't work: study

New research questions the environmental integrity of carbon trading, a multi-billion dollar industry

The Conversation

'Worthless' forest carbon offsets risk exacerbating climate change

In early 2023, the Guardian published an article suggesting that more than 90% of rainforest carbon offsets are worthless. These credits are essentially a promise to protect forests and can be bought as a way to “offset” emissions elsewhere. Verra, the largest certifier of these offset credits, said the claims…

The Guardian - UK

Carbon credit speculators could lose billions as offsets deemed ‘worthless’

Many credits in the voluntary market going unused, with study finding some offsetting could make global heating worse

The Guardian - UK

Drop carbon offsetting-based environmental claims, companies urged

New guidance says carbon credits should only be used to contribute to climate mitigation

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The Guardian - UK

First Thing: Chevron’s carbon offsets are ‘mostly junk and some may harm’

Investigation finds 93% of fossil fuel company’s climate pledge offsets are worthless. Plus, the truth about booze: how alcohol really affects your body

The Guardian - US

‘Worthless’: Chevron’s carbon offsets are mostly junk and some may harm, research says

Exclusive: investigation finds energy giant’s efforts to offset its huge emissions rely on schemes with little impact

The Guardian - UK

CEO of biggest carbon credit certifier to resign after claims offsets worthless

David Antonioli to step down from Verra, which was accused of approving millions of worthless offsets used by major companies

The Guardian - UK

The Guardian view on carbon offsetting: an overhaul is overdue

Editorial: The industry has not delivered what it promised, and critics are right to be sceptical

The Independent UK

Takeaways from AP examination of Peru carbon credit program

Expert analysis and reporting by The Associated Press raises doubts about whether a program to sell carbon credits in Peru’s Cordillera Azul National Park is delivering on its promise to balance out emissions by the companies buying the credits

The Independent UK

‘Gone wrong’: Doubts on carbon-credit program in Peru forest

Expert analysis and reporting by The Associated Press raises doubts about whether a program to sell carbon credits in Peru's Cordillera Azul National Park is delivering on its promise to balance out emissions by the companies buying the credits

The Guardian - UK

As carbon offsetting faces ‘credibility revolution’, shoppers should be wary

‘Carbon neutral’ claims are often based on credits certified by Verra – and investigation has suggested many are worthless

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