Remember US Farmers contribute 4 times more photosynthesis than the Amazon Rainforest annually and now look at this fraud.
AUGUST 24, 2023
Millions of carbon credits are generated by overestimating forest preservation, study finds
In fact, of the 89 million carbon credits expected to be generated by these 18 REDD+ sites in 2020, some 68% of them—over 60 million credits—would have come from projects that barely reduced deforestation, if at all, according to the study.
Even the remaining 32% of carbon credits originated from REDD+ projects that had not conserved forest to the levels claimed by the project developers.
The researchers produced carbon credit calculations that replaced deforestation levels as predicted by each REDD+ project with the levels of real-world forest cover from comparison sites.
They estimate that only 5.4 million carbon credits were linked to additional cuts in carbon emissions created by preserved trees—the entire basis on which credits are sold. This suggests that only 6% of the total carbon credits produced by all 18 REDD+ projects in 2020 are valid.