Archived copy of the article

The key thing is that most of the offsets sold on these markets were fraudulent. This has been known for years, but the realization that a particular project didn’t result in any CO2 removal was a big deal for the markets:

But a bombshell New Yorker article earlier this month asserted that millions of carbon offsets generated by Kariba, a giant project that earned nearly $100 million for purportedly preventing deforestation in Zimbabwe, didn’t actually prevent deforestation and preserve the carbon in the trees and soil.

  • hotair@slrpnk.net
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    1 year ago

    Maybe this will change once the insurance tables update their pricing to include the new risks?

    • silence7@slrpnk.netOPM
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      1 year ago

      The problem is the offsets being traded are largely fraudulent. This isn’t something that can be solved with a change in an actuarial table