Investigation: 78% of carbon offset projects globally are “likely junk“
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Investigation: 78% of carbon offset projects globally are “likely junk“
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Re: Investigation: 78% of carbon offset projects globally are “likely junk“
#2I would have guessed higher than 78%.
Re: Investigation: 78% of carbon offset projects globally are “likely junk“
#3Not really since they qualify for ESG points which drive the stock of the company by getting investments from ESG funds. The ponzi works.
Re: Investigation: 78% of carbon offset projects globally are “likely junk“
#4I once worked somewhere where I found some evidence that the offsets we were considering buying were probably junk. The CEO agreed, bought them anyway, and proudly proclaimed to all staff how we were now a net-zero company. Junk offsets are cheaper.
Re: Investigation: 78% of carbon offset projects globally are “likely junk“
#5Let's get a baseline for comparison. For example, how many climate tech startups, or tech startups in general, are "likely junk"? That would give us some helpful context.
Re: Investigation: 78% of carbon offset projects globally are “likely junk“
#6Are the other 22 % certain junk?
The effects fundamentally do not seem offsetable. The offset industry is based on an idea that you can remove greenhouse impacts from your process without a significant impact on prices, and a corporation is somehow better positioned to donate to a fund than a consumer is. That's bullshit.
Re: Investigation: 78% of carbon offset projects globally are “likely junk“
#7John Oliver had a piece on that [0] over a year ago. Companies want the most CO2 offset per dollar to present themselves as neutral as per their greenwashing campaign, so naturally they buy those from the lowest bidder. And those are the ones least likely to be legit, so it's mostly only scams that get the business lmao.
Re: Investigation: 78% of carbon offset projects globally are “likely junk“
#8Are there any that aren't junk?
Wren got a lot of promotion by YouTubers recently. Maybe they were paid to say nice things? Doesn't prove it's junk though?
Where would you invest if you wanted to help?
Re: Investigation: 78% of carbon offset projects globally are “likely junk“
#9They just turn everything into a new way to make money. I’m not even mad, it’s kind of impressive at this point, and they keep getting away with it! What’s next? Pay-per-use single occupant gender neutral restrooms?
Re: Investigation: 78% of carbon offset projects globally are “likely junk“
#10They just turn everything into a new way to make money. I’m not even mad, it’s kind of impressive at this point, and they keep getting away with it! What’s next? Pay-per-use single occupant gender neutral restrooms?
Don't laugh but a lot of public toilets in Europe are precisely this.