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

Ecosia

We all need to do something to save our planet: it is no use just leaving it to Greta Thunberg! She is very inspirational, yes, but she can only do so much. She isn't superhuman! The climate crisis is up to us; up to you. We all have to get stuck in. Research, learn, discover and most importantly: never give up! The world's animals need us. The world's trees need us and a simple way to do this is to switch to Ecosia. Ecosia is a search engine but it plants trees while you search the web. Okay, it doesn't have as many websites as google so you may want to have google as a backup but it plants trees: this is your opportunity to make a simple change. Just google Ecosia and search to plant trees. Make a difference. Image: This image is owned by Binyamin Mellish on pexels.com .

Announcement: Factfile

This image is owned by a blog editor.

How has the COVID-19 pandemic affected the environment?

Hello and welcome back to another post! The pandemic has affected us all in many ways but what about the environment. How has it been affected? Today we'll be going into that. How did it start? So COVID-19 broke out in late 2019 in China but how it started is still a greatly controversial topic. Prof Stephan Turner told The Guardian in an online article in April: [...] says what’s most likely is that virus originated in bats. However, how it transferred to humans still isn't 100% certain. Scientists mostly agree that it didn't come directly from a bat, but instead was transferred through another animal. Regardless of how it reached humans, the main idea is that it came from a live animal, either in a food market or in the meat industry . Either way, it was our mistreatment of animals that lead to this disastrous pandemic that has claimed the lives of over 6.5 million people! Emissions When many businesses, industries and...

16.08.2020 Animal of the week: Elephant

Hello. On the 12th of August it was International Elephant Day, so we decided that this week's post should be about elephants. Elephants are the largest living land mammals. There are three types of elephant; the African bush elephant; the African forest elephant and the Asian elephant. African elephants have larger ears, whereas Asian elephants have smaller ears. Elephants use their trunks to breath, bring food and drink to their mouths and to grasp objects. Elephants' legs are like pillars. They carry the Elephant's massive weight. African bush elephants weigh 6000kg, Asian elephants weigh 4000kg and African forest elephants weigh 2700kg. Basically, they are very heavy.Elephants eat grasses, small plants, bushes, fruit, twigs, tree bark, and roots. Elephants can live up to 70 years old in the wild. They communicate by sight, touch and smell. Sadly, these wonderful mammals are in danger. African elephants are listed as vulne...

Linking climate change and inequality - 'The Great Carbon Divide'

Hey everyone, Have you heard of 'The great carbon divide‘? It is often referred to as the 'carbon footprint gap' or the 'emissions imbalance‘, and produces frightening numbers. The great carbon divide describes the huge gap between the amount of carbon dioxide the rich versus the poor emit, and these numbers shocked even us. What does this mean? There have been many different studies, and all of them show terrifying results. One study from the Guardian and Oxfam, reports that the richest 1% of the world's population emit more carbon than the poorest 66%. The richest 1% consist of 77 million people, which may seem like a lot at first, but the poorest 66% refers to over 5 billion people! Africa, which is home to 17% of the world's population, only causes 4% of the world's emissions. This top 1% emitted 16% of global CO2 emissions in 2019, that's 5.9 billion tonnes of CO2. Modelling suggests that it would take someone who isn't in the top 1% about 150...

LGBTQ+ animals | Pride month special 2022

Hi, As you probably know, it's pride month! Here on Green World we fully support the LGBTQ+ community. Many homophobes and transphobes will tell you that being LGBTQ+ isn't natural. But what they don't know is that over 1 500 different animal species are indeed part of this community! So, today we are going to being covering just a few of these animals. Note: We do not tolerate LGBTQ-phobic comments. All hate comments will be deleted. Sexual Orientation Within the LGBTQ+ community, there are many sexual orientations and most of them can also be found in animals! Here are just a few examples: Rams You probably didn't know, but up to 8% of rams are homosexual. This is quite a lot considering that only 1.7% of US adults identify as homosexual. Laysan albatross 31% of all pairs were lesbian in one study. That is a lot. Bottlenose dolphins One gay pair had a 17 year long relationship. This goes to show that same sex pai...

Ways to help make your household environmentally friendly

We have told you a bit about the problems that the environment is facing in previous posts but we haven’t told you how to help the environment around the house. You don’t even need a garden to make a difference! Ways to help stop global warming Tip 1: Turn the lights off when you leave a room. Tip 2: Walk or cycle on short journeys. Tip 3: Don’t have the windows open and the heaters on at the same time. Tip 4: Never leave your engine running Tip 5: If you can, buy an electric car as these produce less Co2. Ways to help stop plastic pollution Tip 1: Buy a water bottle. It seems simple but every year the UK uses an estimated 13 billion plastic bottles. Tip 2: Use a bar of soap and a bar of shampoo instead of shower gel and bottled shampoo. Some say soap can dry your skin out but if you do your research you can find plastic-free high-quality soap, perhaps at a price but it depends on where you get it from. Tip 3: Make...

Animals 36-40 in our '50 incredible animals' series

Hi, As you probably noticed, we took a break from this series, mostly due to having just too much to do. But we're back now with the last three posts. 36. The Pinocchio frog The Pinocchio frog can be found in the Foja Mountains in Indonesia. They mainly eat insects, although little is known about them. They are named because the males have a spike on their noses. They were only discovered in 2008, and this was completely by accident! It remained unnamed scientifically until over ten years later when it was given the name " Litoria pinocchio " . There is very little information about them but Wikipedia states that "the male Pinocchio frog inflates its nose when calling, and the nose decreases in size when the frog is calm and quiet," which I think is hilarious and so interesting! 37. Snub-nosed monkey Especially noticeable due to their curious looks, the snub-nosed monkeys can be found in the forests of central China and northern...

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 ...

Animals 41 - 45 in our '50 incredible animals' series

Hi everyone, 41. Ghost shark So first of all, this is a real animal and not a horror movie! Ghost sharks, often referred to as chimaeras, include around 50 species. They mostly live in the deep ocean and are seldom seen, hence the name. They can be found all over the world. Some species have a large range, for example, the rabbit fish which inhabits the entire northern Atlantic Ocean, or a small range, like the Galapagos Ghost shark which only lives in the waters around the Galapagos . Not much is known considering their population status however they are currently not considered threatened. It is assumed that they reproduce in the same way as most sharks. Not much else is known about ghost sharks. They are as mysterious as their name suggests! 42. Sea pig Again, this is a real animal! But it is not in any way like a pig (I have no idea why they called it a sea pig ). It is a type of sea cucumber, that lives in the ocean depths. Their bodies are fille...

Green World

Search This Blog