Carbon credits

Hi everyone,

Welcome back to Green World! Today we're talking about an industry that has expanded massively in the past few years. Carbon credits are one of the measures that companies are taking to reduce CO2 emissions.

But how does it actually work? The companies that sell carbon credits fund projects to protect an area of forest or rainforest from deforestation. They then calculate how much carbon dioxide emissions they have saves by protecting this area. This means they can now sell 'negative carbon emissions' to companies. In this way, the companies are funding the protection of said area and are causing negative emissions while doing so meaning that the company can still emit greenhouse gases but can claim to be net zero. One carbon credit is basically the permission to emit one ton of CO2. This is good for the company as well as they are able to advertise as sustainable at a relatively low cost to actually reducing their emissions. And it means that the rainforests like the Amazon are protected. This industry expanded greatly during the COVID-19 pandemic: in 2021 150 million credits were sold at a total cost of 1.3 billion dollars.

This all sounds good. Maybe too good? In reality, there are problems. Probably the biggest problem is calculation errors. If a project overestimates how much carbon it is saving, intentionally or not, then they can sell more credits. Not only is this a money-making machine, it also means that companies are falsely under the impression that they are allowed to emit more. Overestimations of up to 400% so 4x the actual amount of carbon have been found in studies and investigations. These credits are called "phantom credits" because they don't actually exist. Another problem, that is very similar, is companies 'protecting' an area that isn't actually at risk in the first place. The idea of credits is to save rainforests from deforestation, but if these rainforests aren't actually at risk then it's kind of useless. Sellers can make millions because they don't even have to do any protecting. Tying into this is the fact that there is no reliable way of knowing if a credit is legit or just a scam. A study looking into a selection of projects determined that over 60 million credits didn't actually have any positive effect on the environment. One of the world's biggest sellers had 94% of their credits determined useless. These sellers are obviously denying all claims by scientists and journalists. There have even been allegations of the mistreatment of native people by the projects active in their areas. One final fundamental problem is that companies now have an excuse not to reduce emissions by buying credits.

We hope you found this post interesting. Vote here to decide on next year's monthly post. See you next week!

Your Green World Blog Team💚

Sources:
https://www.sciencedaily.com/releases/2023/08/230824150717.htm
https://carboncredits.com/the-ultimate-guide-to-understanding-carbon-credits/
https://www.theguardian.com/environment/2023/jan/18/revealed-forest-carbon-offsets-biggest-provider-worthless-verra-aoe

Images:
Title image: This image is owned by a blog editor.
"CO2 emissions", owned by Ian Britton (on flickr.com), is licensed under CC BY-NC 2.0.
“Rainforest”, owned by Jo (on flickr.com), is licensed under CC BY 2.0.

Comments

Green Pets || easy house plants to get you started // best house plants for beginners

Hi Everyone! Today I wanted to talk to you about some easy house plants you could look after to get you started on your green pets journey. These are plants that are easy to look after and that I recommend for an introduction into caring for house plants. If you are a beginner or want to look after some plants, then this is the post for you! 1. Cacti - moon cactus I don't actually have a cactus, but they are the obvious place to start. They need little water and thrive in warm conditions; they are described as "low maintenance". I have done some research and it looks like the moon cactus (Gymnocalycium mihanovichii) is the best one in terms of not being too fussy with needing minimal water and tolerates lower light levels. I would like a cactus at some point, but if you are just starting out wanting to care for some house plants, then this is the one to start with! 2. Aloe Vera One of my first house plants, this is one that is rela...

The life of ... an alcon blue butterfly

Hi everyone, Today we are going to be looking into the life of an alcon blue butterfly (Phengaris alcon). After mating, the females lay their eggs on marsh gentian, a blue-coloured wildflower. The eggs can only be laid on these flowers, as this is what the newly hatched caterpillars will eat. Although in some alp regions, they can also be found on willow gentians, a close relative of the marsh gentian. Once the caterpillars have hatched from the eggs, their main predator and danger are the ants that swarm below. But high on their plant homes, the caterpillars are safe. However, this isn't where the alcon blue caterpillars are going to stay forever. Eventually, they drop down to the ground using silk strings. With no protection, they are soon dragged off by the ants. The most amazing part is, the alcon blue caterpillars give off the same scent and chemicals as the ant larvae. So the ants take the caterpillars back to their brood chamber, wher...

April Top Tips: ten tips for environmentally friendly travel

Hi Everyone! We haven't been very present on the blog again recently but we are back today with ten top tips for environmentally friendly travel. Most forms of travel over long distances (unless you are willing to put in a lot of physical effort) use fossil fuels and are generally not good for our planet. So today we will be giving you a few tips which although won't mean that your travel is 100% planet friendly, will be a good start to doing as much as you can. Your Green World Blog Team💚 1. Use trains and boats rather than planes where possible Planes are awful for the environment. They are, however, extremely practical and so easy to use, cheap...It's hard to avoid them! They are so quick too so you don't have to spend as much time travelling. However, they are really bad for the environment. For example, you could fly once to Edinburgh from Heathrow for the same carbon dioxide levels as driving to Edinburgh 336 times! 2. Fly...

Photo Essay | dolphin spotting boat ride

Hi Everyone! Quite a while ago now, me and my family went on a dolphin spotting boat ride, and I've been meaning to share some photos for ages now! We saw so many dolphins very close up and we managed to get some good shots, although it can never be as magical as in person! All photos in this post were taken by me or my family. They were so close to the boat! This photo is stunning! It's under the water! Again - under the water! It was so hard to capture them jumping! This was the boat.... ...

Ecotourism: what it is, the advantages and the disadvantages

Hi Everyone! Today we wanted to talk about the idea of ecotourism, including the advantages and disadvantages of this concept. If you are looking to reduce your environmental and social impact when travelling, then this is the post for you! Ecotourism is a form of tourism which limits the damage to the environment and local community. It can involve helping in community projects such as planting trees, as well as taking part in local customs and festivals. It helps to keep the local culture alive, while preserving the natural environment. The advantages are abundant. By helping in a project conserving the environment, tourists gain a new understanding and appreciation for the natural world and may be inspired to make changes in their "real" life to live more sustainably. It provides a valuable insight to a country and community, perhaps also inspiring more respect for different people and the lives they lead. The projects also provide sustainable income sources for locals, h...

Animals 21-25 in our '50 incredible animals' series

Hi Everyone! Here are the next five animals in our current series! We hope you learn something from this. 21. Stick insect Stick insects are masters of disguise. They look like twigs or leaves. This strange appearance makes them hard to spot when stationary. Stick insects are herbivores, feeding on leaves, and can live for up to three years. Their habitat includes most tropical and subtropical regions, but there are a few species that live in temperate areas as well. There are roughly 3 000 different stick insect species! Not much more is known about them, because they are difficult to find. The two main threats to their populations are the pet trade and people killing them so as to frame their carcasses, like butterflies. Their conservation status ranges from critically endangered to least concern - so basically every category that is on the list! 22. Glass frog The glass frog is, well, see through. You can literally ...

10 Animals on the Edge of Extinction No. 10- The Javan Rhino

The Javan rhino is listed as the 1st animal on WWF’s list of the 10 world’s most endangered animals, and I for my part, had never heard of it! If you hadn’t either, we’re changing that now. A bit about the rhino’s lifestyle The Javan rhinos are now exclusively found on the island of Java in Indonesia, but were once found in vast regions of northeast india and Southeast Asia. They have a dark grey colour which looks almost black when wet, and their (often pink) skin folds look a bit like plated armor. Both males and females have lower incisors which resemble tusks that they use to fight. Males have one relatively short horn of about 25 cm (10 inches). Javan Rhinos live in tropical forests, marshy areas and in the thick bush. They are mainly browsers and eat over 100 plants species they find in the forest, weigh between 900 and 2300 kg (1984-5071 pounds) and are between 3 and 3.2 meters (10- 10.5 feet) long. How endangered are we talking? Javan rhinos are the most ...

18.10.20 Animal Of The Week: Sloth

Hello, Sorry this didn't come out on Sunday as planned but this week's animal of the week is the sloth because the twentieth of October is Sloth Day. Habitat The sloth resides in Central and South America. It lives in the rainforests there and occasionally drops into the water for a bathe as, believe it or not, they are actually excellent swimmers! Diet Sloths eat leaves, twigs and buds which they find in the rainforest. As they don't have incisors they smack their lips together to make leaves more digestible. Sloths can survive on relatively little food as it takes a while for them to digest it. Sleep and Speed When you think of a sloth, you probably think of this slow, sleepy creature. They actually sleep for about 15 hours a day! Sloths have an extremely low metabolic rate (what basic calories your body needs to survive), which means they move at a slow pace through the trees. On average, sloths travel 40 yards per day ...

Ozone layer

Hi everyone, What even is ozone? And the ozone layer? Where does the hole in the ozone layer come from and what does it mean? Is it dangerous? What can be done? Often the ozone-talk can be complicated and confusing, keeping an overview is hard and understanding all the problems always difficult. Let us break it down a bit for you: What is the ozone layer? We'll start with the basics: The ozone layer is part of the stratosphere, which is the second layer of the Earth's atmosphere, between 10 and 50 km above the Earth's surface and made up of protective gases. One of these protective gases is ozone. There is not much ozone in the atmosphere, only 0.3 molecule of ozone per 1 million molecules of air. This is because ozone is chemically unstable and only forms when ultra violet radiation (UV light) hits oxygen and breaks the bonds between the atoms. It fact it is so unstable that even when it has formed, it breaks down again relatively quickly. This leads to ozone turning back ...

The life of ... a koala

Hello everyone, Today we're talking about koalas. Also known as koala bears, koalas are marsupials. So they're actually not bears. Koalas, phascolarctos cinereus , are tree dwelling and probably best known for spending most of the day sleeping. They live for up to 15 years in the wild although captive koalas generally live for longer. Koalas have a stout, gray body and a cream-coloured chest. They have a broad face, small yellow eyes and big fluffy ears. In adaptation to climbing, their feet are strong and clawed. Adult individuals in South Australia weigh 14kg and are 60-84cm big. Their Eastern cousins are considerably smaller. Koalas are found in Eastern and Southern Australia, where they live in eucalyptus trees. They feed on the leaves of these eucalyptus trees, eating up to 1.3kg a day. With a body weight of up to 14kg, this means they eat just under 10% of their body weight every single day. However, the le...

Green World

Search This Blog