‘Phantom’ rice projects expose voluntary carbon market failings

Quick Summary:

Amid accusations of fraud, lax auditors and problematic offset certifiers, is the carbon credit market still credible?

In November this year, a synthesis study surveying over 2,300 carbon-mitigation projects worldwide found less than 16 per cent of the associated carbon credits represented actual emissions reductions.

Based on written governmental responses seen by Dialogue Earth and the outlet Climate Home News, at least 19 of the 37 rice cultivation projects rejected by Verra appear to be “phantom” projects.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Shi Yi

Category: EconomyBusiness

Markets: SingaporeChinaUnited Kingdom

Topics: Farming Carbon credits Carbon neutral Carbon offsetting Agriculture Greenwashing Carbon trading Carbon accounting Rice

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 05:33:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 2150 words

Reading Time: 12 minutes read

Sentences: 99 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 24624262

View Article Analysis

About Eco-Business

Main Topics: EconomyBusiness

Official Website: eco-business.com

Year Established: 2009

Headquarters: Singapore

News Last Updated: 1 days ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #100

Publisher Details

Frequently Asked Questions