Carbon offset schemes faced new scrutiny as the governing body for the voluntary carbon market issued new quality standards. Concerns have also been raised about an offset project in the Peruvian Amazon used by major oil companies and Shell's rice paddy offset project. New quality standards for the $2 billion carbon offset industry were published at the end of March, the Guardian reported, after growing criticism that some projects are at best "greenwash" and at worst contributing to damage to livelihoods. environment and human rights violations. The new guidelines were announced by the Integrity Council for the Voluntary Carbon Market (ICVCM), an independent governing body, the Guardian reported. (The voluntary carbon market generally involves the sale of "carbon credits" generated by emission reduction projects, such as forest protection schemes, to companies that are net producers of CO2 emissions, such as oil companies. After purchasing the carbon credits, the companies claim that "offset" some of their own emissions.) Under ICVCM's new guidelines, carbon credit certification companies such as Verra, Gold Standard and the American Carbon Registry will have to "demonstrate how their credits were generated, demonstrate that they are a real reduction or elimination emissions using scientific methods, and follow rules on respecting the rights of indigenous and local communities", the Guardian reported. In an accompanying article, the Guardian reported: "If the industry can learn from recent events by increasing transparency and integrity, there is a chance that good practice can be built upon while bad practice is suppressed... That we cannot trade or compensate our way out of climate crisis, remains the most important message."<\/p>","protected":false},"excerpt":{"rendered":"
Carbon offset programs faced renewed scrutiny as the governing body for the voluntary carbon market issued new quality standards. Concerns also arose over an offset project in the Peruvian Amazon used by major oil companies and Shell\u2019s rice paddy offset project. New quality standards for the carbon offset industry worth [\u2026] were published in late March.<\/p>","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1975","post","type-post","status-publish","format-standard","hentry","category-offsetove-projekty"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/1975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/comments?post=1975"}],"version-history":[{"count":0,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/1975\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/media?parent=1975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/categories?post=1975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/tags?post=1975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}