Carbon offsetting and REDD
Reducing Emissions from Deforestation and Degradation (REDD+) has become the dominant international forest policy. Variations of REDD+ include Nature-Based Solutions and corporate pledges to achieve Zero Net Deforestation. In reality, though, deforestation continues, polluting companies use REDD+ offsets to avoid reducing their fossil fuel emissions, and zero-net deforestation pledges allow forests to be cleared in one area as long as an “equivalent” area is restored elsewhere.
Other information
27 June 2024
A report documents how a tree planting carbon project in Port Loko, Sierra Leone is violating the country’s community rights laws and risks locking families into 50-year contracts. The British oil company BP has already paid USD 2.5 million to Carbon Done Right, one of the companies behind this tree plantation and carbon offset project.