Liberia set to concede 10% of its territory to Emirati company for carbon credit production

3 years ago by silence7 to c/climate

The pollution rights derived from the conservation or reforestation of nearly 1 million hectares of forests would allow the United Arab Emirates to meet its climate commitments.

Hard paywall, but key facts are before the restriction.

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hillsanddales 7 points 3 years ago

This is interesting. On the one hand, seems great that such a cast area will be redirected and protected. On the other, it's being done by a private company to offset terrible activities. And while a big area, on the global scale it seems tiny.

It sort of makes clear that credits, even when followed, are not going to be enough to solve climate change.

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GuilhermePelayo 6 points 3 years ago

I'm extremely sceptic of carbon credits as a whole. The logic is just flawed. Not because the way you can make carbon credits but because it effectively created a marked where you can buy rights to pollute. For most companies that will be just a matter of economics. If I can make more money by polluting more if I make enough I can just pay to offset the carbon I added to the atmosphere. And seems a bit sad for a country to concede land to a company even if given resource extraction alternatives makes it not that bad.

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empiricism 3 points 3 years ago

@GuilhermePelayo @hillsanddales

Let's try to talk to the industry bosses & their political lobbyists as if they were ignorant & badly behaved children.

For example. Primary school level science. "Ok, settle down you naughty kids & listen up. To be serious about tackling #ClimateChange, you need to stop carbon emissions from getting into the atmosphere in the first place.

The biggest problem with carbon offsetting is that it doesn’t really work https://www.greenpeace.org.uk/...

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Discussion of climate, how it is changing, activism around that, the politics, and the energy systems change we need in order to stabilize things.

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