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

Eco system Galápagos: Part 1 Geography

Hello and welcome to the first post about the Galapagos Islands. Currents and Winds The volcanic islands of Galápagos started to form 4 million years ago. Where they lie, is unique. They are situated directly on the equator, on the Nazca tectonic plate. The Galapagos Islands are on the crossroads of three currents. The cold South Equatorial Current flows westward towards Galapagos. The warm Panama Current runs in from the north. And finally, the deep sea Cromwell Current runs from the west. The Galapagos Islands are also where the Northeast Trade Wind meets the Southeast Trade Wind. Galapagos Hotspot 21 Volcanoes make up the Galápagos Islands with 13 still active. The reason for this volcanic activity is a giant hotspot under the island. A hotspot is a gigantic column of super heated molten lava, rising up towards the surface. It is immense; at least sixty miles (97 kilometers) across and 1800 miles (2897 kilometers) deep. It connects the islands to ...

How much do you know about trees? - Quiz

Hello, This month's quiz is all about trees. Questions: What is the name of the network that trees use to communicate? a) the mycorrhizal network b) the mythcorhinia network c) the symbocommunial network How much of the amazon rainforest has been lost due to deforestation in the last 50 years? a) 12% b) 17% c) 23% True or False? Over 75% of land-based species are found in forests? How much carbon do tropical forest contain? a) 230 gigatons b) 280 gigatons c) 330 gigatons In California, there is a rather strange tree that has survived 13 000 years by cloning itself. What species? a) Pin oak ;b) English oak c) Palmer's oak True or False? The oldest surviving tree species, Gingko trees, have been around since just after the meteor that killed off the dinosaurs struck. Where do acacia trees grow? a) cold and ha...

Amazon Rainforest series - part 3: human involvement

Hi everyone, This is the last post in the amazon rainforest mini series. It's all about how humans have affected the amazon rainforest. Unfortunately, most human impact on the amazon is negative. The Amazon rainforest faces many threats, but the main one is fire. You may think that the fires in the amazon are wildfires or created by accident, but that is not true. All over the amazon, farmers are setting fire to the trees and foliage. For only one reason, to clear land for farming. But this is a disaster. Last month, the amazon rainforest reached its tipping point . Due to the fires, it is now releasing more CO2 than it is absorbing. To feed our growing population, we are killing countless species. Species, that in some cases, we haven't even discovered yet. If the amazon rainforest goes, climate change will become pretty much unstoppable. But it isn't only animals and plants that are suffering. Do you remember all those tribe...

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 ... 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...

Energy comparison: nuclear fission

Welcome back to Green World Today we're talking about nuclear fission. This energy source is quite controverial, so we're going to be looking at why. Before we begin, just a quick side note, there are multiple forms of nuclear power. This post is about nuclear fission. Nuclear decay is rarely used, most notably in some space missions. Nuclear fusion is currently being researched by scientists around the world and isn't used for commercial electricity yet. First, let's explain how nuclear fission actually works. This involves a lot of complicated chemistry and physics, but I'll do my best to explain it. Before anything else we need to look at what is in an atom. In this image, the grey represents negatively charged electrons, which circle the nucleus (plural: nuclei) in the center. The nucleus (blue and red) is made up of positively chargerd protons and neutrons (which are neutral). This means that the nucleus is positive. Th...

How much do you know about migrating birds? - Quiz

Hello everyone, We've got another quiz for you and this time it's about migrating birds. As most of you probably know, there are loads of birds that fly to a different country or even continent to avoid harsh weather and to find better feeding and breading areas. Questions True or False? Birds use the Earth's magnetic field to navigate while migrating? How many miles does an arctic term migrate? a) between 10 000 and 20 000 km b) between 20 000 and 30 000 km c) more than 40 000 km True or False? Arctic terns can fly 600km in a day. What percentage of birds migrate? a) about 40% b) about 60% c) about 80% True or False? Great snipes travel 5 000 miles at 70mph. How long can the bar-tailed godwit fly non stop for? a) nearly 5000 miles b) nearly 7000 miles c) nearly 9000 miles True or False? Bar-headed geese can fly up to 5.5 miles above sea level. ...

06.09.2020 Animal Of the Week: Seven-spotted Ladybird

Hello Everyone, Welcome to this week's animal of the week post. This time about the ladybird, and personally I can't wait to find out more about these creatures. Enjoy! Which ladybird we are investigating today? Today, I am telling you about the seven-spotted ladybird (Coccinella septempunctata), which is the most common ladybird in Europe. Other species include the Two Spot Ladybird and other uncommon ladybirds such as the 16 Spot and other peculiar types. Habitat The seven-spotted ladybird lives in a variety of habitats such as meadows, gardens and hedgerows. They can also be found on farmland, especially with crops such as alfalfa, clover and wheat and corn before it grows too tall. Diet The seven-spotted ladybird feeds on a range of aphid species. This is why they are often referred to as a gardener's best friend as they eat these creatures who can damage plants. They can also eat white flies and anything else that is soft-bo...

Coral reefs

Hello! We would love to introduce you to the topic of coral reefs and especially coral reef bleaching, as it is a greatly ignored but certainly significant topic. Have fun! 5 coral reef facts 1. The Great Barrier Reef is the largest living structure on the planet and is 2300 km long! 2. Less than 0.1% of the world's ocean surface is covered in coral reefs. 3. At least 25% of all marine animals live there. 4. Coral reefs are often known as the rainforests of the ocean. 5. In 1 square kilometre of coral reef, up to 35 tons of fish can be 'produced'. The 5 biggest coral reefs in the world 1. Great Barrier Reef (near Australia) 2. Red Sea Coral Reef (near Egypt, Israel and Djibouti) 3. New Caledonia Reef (Pacific Ocean near New Caledonia) 4. The Mesoamerican Barrier Reef (near Mexico, Belize, Guatemala and Honduras) 5. Florida Reef (Atlantic Ocean/Gulf of Mexico near Florida) What is coral? Coral is actually made up of small anim...

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...

Green World

Search This Blog