Do Deforestation Projects Really Reduce Carbon?
Author: Jennifer L
An investigation claimed that over 90% of its forest carbon credits likely don’t represent real emission reductions, but Verra said that this is incorrect because the studies miscalculate the impact of its REDD+ projects. REDD+ means “reducing emissions from deforestation and forest degradation, plus the conservation, sustainable management of forests and enhancement of forest carbon stocks in developing countries”. Verra is the world’s leading carbon standard for carbon credits that support global climate action. To date, it has issued over 1 billion carbon credits since 2009. The credits enabled billions of dollars invested into urgent climate action, sustainable development, and the protection and restoration of ecosystems, Verra stated. According to two studies, only a handful of Verra’s rainforest projects showed evidence of deforestation reductions. Further analysis also shows that 94% of the carbon credits bring no benefit to the climate. A study by the University of Cambridge in 2022 revealed that the threat to forests was overstated by about 400% on average for Verra REDD+ projects.