The fruits of voluntary carbon market projects are rarely shared fairly with local communities and indigenous peoples. A project in Sierra Leone has come up with a more equitable benefit sharing formula. Other countries and project developers should follow suit.
Dozens of stakeholders have signed a joint statement urging companies and organisations to ditch outdated ‘carbon neutrality’ models and replace them with robust alternative approaches to climate action outside corporate value chains that provide much-needed finance without making unsubstantiated claims.
Despite huge revenue generated on the field at Euro 2024, off it, UEFA’s climate funding is not scoring as many goals as it could. Yet, it’s leagues ahead of FIFA’s poor performance
Human rights violations committed against the Chong people in Cambodia are indicative of a wider malaise afflicting carbon crediting projects. Not only must the rights of indigenous peoples and local communities be safeguarded, they must also profit from fair benefit sharing arrangements.
The European Parliament’s vote on a bill aimed at combating greenwashing upheld a ban on describing products as “carbon neutral” but failed to apply the same principle to companies.
Major corporations are making disingenuous ‘net zero’ and ‘carbon neutral’ claims based on dubious emissions offsetting practices rather than actual cuts. This cannot continue.
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