CLIMATE CORRUPTION: Most carbon “offset” projects are SCAMS, new report finds
By Ethan Huff // Sep 27, 2023

A joint investigation by The Guardian and the non-profit climate watchdog group Corporate Accountability has found that the "vast majority" of environmental projects supposedly aimed at offsetting greenhouse gas (GHG) emissions via the voluntary carbon market (VCM) are scams.

Of the top 50 emissions offset projects evaluated, 39 of them, or 78 percent, ended up having to be categorized as "likely junk or worthless" due to researchers identifying one or more "fundamental failings" in their structure and operations.

As a general rule, "green" climate projects that claim to tackle GHG emissions are not what they seem, the investigation revealed. At best, the projects greatly exaggerate their climate benefits while underestimating the potential harm caused by what they are doing. At worst, their leaders are taking all that investment cash and spending it on toys and pleasure.

Data for the study was collected from Allied Offsets, the world's largest and most comprehensive emissions trading database. Allied Offsets aggregates information about projects traded within the VCM ecosystem from their very inception, producing data that shows how effective or not their efforts truly are.

Besides the 39, or 78 percent, projects that were categorized as "likely junk or worthless," another eight, or 16 percent, were found to be "problematic" with at least one fundamental failing, which probably means that they are junk as well.

That leaves just three out of 50 emissions-related climate projects that maybe pass the test of being legitimate operations. Simply put, the entire carbon offset market is basically a scam with very few, if any, exceptions.

Human knowledge is under attack! Governments and powerful corporations are using censorship to wipe out humanity's knowledge base about nutrition, herbs, self-reliance, natural immunity, food production, preparedness and much more. We are preserving human knowledge using AI technology while building the infrastructure of human freedom. Use our decentralized, blockchain-based, uncensorable free speech platform at Brighteon.io. Explore our free, downloadable generative AI tools at Brighteon.AI. Support our efforts to build the infrastructure of human freedom by shopping at HealthRangerStore.com, featuring lab-tested, certified organic, non-GMO foods and nutritional solutions.

(Related: Back in March, the world's largest seller of so-called carbon "credits" was exposed as a scam operation – the entire green industry is a scam.)

$1.16 billion in carbon credits already traded tied to projects classified as "likely junk or worthless"

Of those three projects that were not immediately dubbed as "problematic" or "likely junk or worthless," not a single one could be properly assessed or classified due to a lack of available public information. This means that, in all likelihood, 100 percent, or all, of the top currently operational carbon offset operations are probably bunk.

Not only that, but the vast majority of carbon credits that have been traded so far, about $1.16 billion worth, are attached to projects classified as "likely junk or worthless." This leaves pretty much zero carbon offset projects that are actually legitimate.

"The criteria for assessing whether a project is likely junk was based on whether there was 'compelling evidence' or a high risk that the project could not guarantee additional GHG emission cuts," reported Annabel Cossins-Smith, writing for Power Technology.

"In some cases, there was evidence to suggest that projects were leaking further, additional emissions or simply shifting emissions elsewhere. In other cases, evidence was found to suggest that a project's climate benefits had been exaggerated."

The research also uncovered the fact that the carbon market at large is not doing anything to stop global warming or climate change. To the contrary, the carbon market was found to be "actively exacerbating the climate emergency," not making it any less of a risk as climate fanatics claim.

"The ramifications of this analysis are huge, as it points to systemic failings of the voluntary market, providing additional evidence that junk carbon credits pervade," said Anuradha Mittal, director of the Oakland Institute think tank.

"We cannot afford to waste any more time on false solutions. The issues are far-reaching and pervasive, extending well beyond specific verifiers. The VCM is actively exacerbating the climate emergency."

The latest news about the carbon offset scam and other global warming hoaxes can be found at GreenTyranny.news.

Sources for this article include:

Power-Technology.com

Newstarget.com



Take Action:
Support NewsTarget by linking to this article from your website.
Permalink to this article:
Copy
Embed article link:
Copy
Reprinting this article:
Non-commercial use is permitted with credit to NewsTarget.com (including a clickable link).
Please contact us for more information.
Free Email Alerts
Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.

NewsTarget.com © 2022 All Rights Reserved. All content posted on this site is commentary or opinion and is protected under Free Speech. NewsTarget.com is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. NewsTarget.com assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published on this site. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.

This site uses cookies
News Target uses cookies to improve your experience on our site. By using this site, you agree to our privacy policy.
Learn More
Close
Get 100% real, uncensored news delivered straight to your inbox
You can unsubscribe at any time. Your email privacy is completely protected.