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Why this Matters: In 2020, companies bought more than 93 million carbon credits, equivalent to the pollution from 20 million cars in a year, a 33% increase over 2019. But in order to be effective, it’s crucial that these credits are actually reducing overall emissions. A new analysis from CarbonPlan, a San Francisco nonprofit that analyzes the scientific integrity of carbon removal efforts, took a hard look at California’s forest offset program, and now argues that a large fraction of the credits in the program do not reflect real climate benefits. But too much negative press may keep offset markets from growing just as they are getting started.
Saez Gil, the founder and CEO of Pachama, told TechCrunch: “Restoring nature is one of the most important solutions to climate change. Forests, oceans and other ecosystems not only sequester enormous amounts of CO2 from the atmosphere, but they also provide critical habitat for biodiversity and are sources of livelihood for communities worldwide. We are building the technology stack required to be able to drive funding to the restoration and conservation of these ecosystems with integrity, transparency and efficiency. We feel honored and excited to have the support of such an incredible group of investors who believe in our mission and are demonstrating their willingness to support our growth for the long term.”
By Ashira Morris, ODP Staff Writer The giant sequoia trees in California’s Sequoia National Park are over 1,000 years old and could live another 2,000 years, but climate change-fueled fires are killing them. The trees can usually withstand the flames, but the intensity of recent fires has been overpowering. Last year’s Castle Fire killed up […]
By Amy Lupica, ODP Daily Editor As wildfires and deforestation grip the Amazon rainforest, Indigenous communities are urging world governments to pledge to protect 80% of the forest by 2025. The groups launched their campaign at a biodiversity conference in France, where experts from around the world are laying the groundwork for the UN’s delayed […]
By Natasha Lasky, ODP Staff Writer A new assessment found that at least 30% of the world’s 60,000 tree species are nearing extinction in the wild. The number of tree species threatened— 17,500— is twice that of threatened mammals, birds, amphibians, and reptiles combined. Why this Matters: Trees are crucial to maintaining the earth’s ecosystems. Trees not […]
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