https://lnkd.in/d65J4kjt Sadly, low-integrity offset projects are the norm, not the exception. A 2023 investigation reviewed a broad swathe of rainforest protection projects and found that “94% of the credits had no benefit to the climate”. The issuer of carbon credits at the heart of the investigation has disputed its findings, but also announced it is introducing a new, “more consistent” methodology. Consider deforestation. The vast majority of dubious credits on the market today are issued by companies who pledge to protect forests from timber harvesting. These firms may use faulty baseline accounting practices to make claims that can mislead even the most well-meaning sustainability executives. For instance, credits are routinely issued on the promise of protecting forests that have already been designated for conservation in perpetuity."