Greenpeace calls for end to carbon offsets – they just…

greenpeace-calls-for-end-to-carbon-offsets-–-they-just…

Greenpeace calls for end to carbon offsets – they just…

Greenpeace calls for end to carbon offsets – they just allow large polluters to continue as normal
2021-10-13 08:45:00
Greenpeace International has said that carbon offsets are allowing the world’s biggest polluters to forge ahead with business plans that are threatening global climate goals. The offsets do not have the effect of lowering global emissions, either now or in future. The practice of buying carbon offsets means polluting companies – such as airlines – can buy carbon credits from projects that reduce or avoid the release of CO2 elsewhere. Examples would be mass tree plantings or solar farms.  Instead of making every effort to emit less CO2 themselves, the companies hope equivalent amounts of carbon are being removed from the atmosphere, by others. This cancels out the reduction in CO2 emissions achieved by the provider of the carbon credit. Few carbon credits are reliable, and can guarantee carbon is not emitted, or is removed from the atmosphere.  One of the most popular is planting trees. When a tiny sapling is planted, if will (if all goes well and it does not die from neglect, or the impacts of worsening climate change) only become large enough to sequester much carbon in several decades. Eventually the tree will die, returning the carbon to the atmosphere. The only real offset would be permanent, for-ever, underground storage of carbon. .Tweet Greenpeace calls for end to carbon offsets 6th October 2021   (Reuters) Carbon offsets are allowing the world’s biggest polluters to forge ahead with business plans that are threatening global climate goals, the head of Greenpeace International said in an interview. The model allows polluting companies to offset their emissions by buying credits from projects that reduce or avoid the release of climate-warming CO2 elsewhere, such as mass tree plantings or solar power farms – which could be worth $50 billion by 2030 according to a task force created to scale up the market. read more Environmental advocates such as Greenpeace say this is allowing big emitters like oil majors to put off cutting their own emissions and avoid divesting from hydrocarbons, a primary source of greenhouse gases that cause global warming. read more “There’s no time for offsets. We are in a climate emergency and we need phasing out of fossil fuels,” Greenpeace’s Executive Director Jennifer Morgan said at the Reuters Impact conference. She said one issue with planting trees as offsets was that it takes 20 years for trees to grow and offset emissions happening right now. In the interim wildfires could destroy the chance of reductions. “These offsetting schemes … are pure ‘greenwash’ so that the companies, oil companies, can continue to do what they’ve been doing and make a profit,” she said. There have also been issues with how the credits are counted. In April CarbonPlan, a group that researches the integrity of programmes designed to offset emissions, said that 29% of the forest carbon offsets it analysed in a $2 billion programme in California overestimated the amount of emissions they were offsetting, totalling 30 million tonnes or about $410 million. read more Greenpeace’s warning comes at a decisive moment for the voluntary carbon market, whose proponents acknowledge the need to become more transparent and accountable. read more Delegates at the U.N. climate conference next month are expected to work on designing a market to channel money into offset and emissions removal projects in the fight to reach net zero greenhouse gas emissions by 2050 and avoid the most devastating impacts of climate change. However companies wi

Read More


Share this post