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    Rainforest Carbon Offsets Used by Major Corporations 'Largely Worthless': Analysis

    "Companies are making false claims and then they're convincing customers that they can fly guilt-free or buy carbon-neutral products when they aren't in any way carbon-neutral," one expert lamented.

    Brett Wilkins
    Jan 18, 2023

    Over 90% of the rainforest carbon offsets sold by the nonprofit organization that sets the world's leading sustainability standard "are largely worthless and could make global heating worse," an investigation published Wednesday by three media outlets confirmed.

    For nine months, The Guardian, Die Zeit, and SourceMaterial analyzed scientific studies of Verra, "the world's leading carbon standard" in a voluntary global offset market worth $2 billion annually and growing. Verra's customers include major multinational corporations, and the analysis' findings cast doubts over the carbon offset credits the companies buy in order to label their products as "carbon neutral" or assure customers that they can consume their products or services without worsening the climate emergency.

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