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

29.11.2020 Animal Of The Week: Jaguar

Hello, Today (29th November) is world Jaguar day so this week our animal is the Jaguar. The Jaguar is an animal I know pretty much nothing about so I am going to learn a lot too! Jaguars (panthera onca) live for 12 - 15 years. Their heads and bodies are 150-180cm long and their tails are 70-90cm long! They weigh 45 - 110 kg. Habitat Jaguars live primarily in the Amazon Basin, though they can be found in smaller numbers in Central America. They once lived everywhere from central Argentina up to the southwestern United States but since the 1880s they have lost over half of their territory. They are mainly found in tropical rainforests but can live in savannas and grasslands. Diet They eat fish and turtles as they are actually quite competent swimmers as well as deer, iguanas, birds and monkeys; they will eat almost anything! Are they endangered? Jaguars are classed as near endangered and face several threats. South and Central Americ...

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...

30.08.2020 Animal of the week: Whale Shark

Hi! It is International Whale Shark Day today, so we thought, we would do this week's animal of the week about whale sharks. Are whale sharks, sharks or whales? Whale sharks are not whales and they aren't a mix of whale and shark. They are sharks. So, why are they called whale sharks if they aren't whales? Well, they are very big. Whale sharks normally grow to a length of 5.5-10 metres. However, the largest whale shark to be accurately measured was 18.8 metres long! That is about as long as a lorry or as high as a short oak tree. Basically, whale sharks are massive. Habitat and Diet Whale sharks prefer warmer waters. They live in all tropical seas. Every spring, they are known to migrate to the continental shelf of the central west coast of Australia. The whale shark is one of the three known filter-feeding shark species in the world. Like whales, they eat plankton. Images: Image 1: This image is o...

25.10.2020 Animal of the week: Snow leopard

Hello everyone, This week's post is about snow leopards. Snow leopards are incredible big cats that roam the mountain ranges of Asia. Snow leopards are very powerful and can climb up and down steep slopes easily, as well as jump up six times their body length. The snow leopard's tail provides balance, agility and warmth. The snow leopard is elusive and solitary and therefore very difficult to spot. They are very important though, because they are at the top of the food chain in this area. Habitat Snow leopards live in northern and central Asia's mountain ranges. These are some of the harshest conditions on earth. However, they white-grey coat with large black spots allows them to blend in with the rocky mountain terrain. They are found in twelve countries including China, Russia and Mongolia. Diet Snow leopards can kill prey up to three times their body weight. This is an incredible feat to pull off as they manage this on their ow...

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...

Discussion || Should Everyone Switch To Electric Cars?

Hi Everyone! Thank you so much for joining me today, as I hop on the blog to discuss whether everyone switching to electric cars would really help the environment. In other words, should everyone switch to electric cars? This is the first part of a two-part series, discussing electric cars, so stay tuned for part two!! I would like to start this post by stating that I am by no means an expert. This is knowledge I have from my own experience, and from research I have done. If anything is incorrect please take it as it is and accept that this is a discussion and I am taking on board all opinions from reliable sources on this complex topic. Electric cars are a huge topic when it comes to sustainability and "saving our planet". There is no debating the fact that electric cars are better for the environment than diesel or petrol once they are on the road. But the production of them is often very polluting, with one study show...

Deforestation and why it’s a problem

Hi everyone, Welcome back to another post. Today we’ll be talking about deforestation and its impacts on our earth. Deforestation, the widespread clearance of natural forests, has been happening for thousands of years. One example is Western Europe, where, two millennia ago, 80% of the land was cloaked in dense forest cover. However, over time, a significant portion of this green expanse was sacrificed to create room for crops, livestock grazing, and as a source of fuel and building materials. Presently, a mere 34% of Western Europe retains its woodland. Today, the tropics deal with the brunt of deforestation. Activities such as mining, agriculture, road construction, and the establishment of vast cattle ranches drive the mass clearance of tropical rainforests. This results in the release of huge amounts of carbon dioxide into the atmosphere, exacerbating the global climate crisis. The consequences come in two waves: first, the reduced number of...

04.10.2020 Animal of The Week: Orca

Hello everyone. This week's animal of the week is Orca. They are also known as killer whales. Habitat Orcas live all over the world. They migrate according to where their prey are. However they are more common in colder waters. Diet Orcas are at the top of the food chain and have very diverse diets, eating mainly fish but also penguins, and marine mammals such as seals, and even other whales. They hunt (and live) in groups, making them very dangerous to certain species. Dangers There are a few dangers that they face, although for now the population doesn't seem to be suffereing. Some of these are: -Hunting for entertainment as they are intelligent creatures and so appeal to people who want to test their skills. -Polluted waters can be a threat as when certain chemicals get into the orca, most likely from their prey, they can be lethal. These can get into the water by oil leaks and chemical leeches. -Prey as overfish...

September Top Tips | recycling

Hi everyone, Today we are going to be talking about recycling. Recycling is quite big thing in the media, with some critics saying that it doesn't help. But I would say that even though it isn't going to save the world, it will make a small difference and probably save you some money! So here are some recycling ideas (although depending on your personal situation it might be up cycling or down cycling): An old t-shirt turned into an apron An old t-shirt turned into a cushion Tin cans turned into plant pots Tin cans turned into pencil holders Plastic bottles or clear plastic tubes turned into bird feeders An old handbag turned into a picnic basket Lotion, shampoo and conditions bottles turned into storage A shoebox turned into a make up organiser Old t-shirts turned into a baby blanket Plastic spoons turned into mirror decorations Bike parts into a lamp shade An old piano turned ...

National parks - how do they help the environment?

Hello National parks are a place of immense beauty. They are know as tourist attractions and are best recognised by their incredible landscapes. Today we are talking about their effects on the natural world! Yosemite National Park, United States National parks are normally created and protected by governments. In most cases, they have public access, meaning that visitors can walk around in them and admire them. The IUCN defines what is a national park and what isn't. In 2006, over 6 500 areas met the criteria and are defined as a national park. However, there are many areas called National Park, that aren't a national park according to IUCN and there are places that the IUCN defines as a national park but the government doesn't. So some countries have their own definitions. In the UK and some other countries, a national park referes to an u...

Green World

Search This Blog