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It has been suggested that the forest carbon offsets used by companies such as Shell, Salesforce, and others are largely ineffective and of little value.

It has been suggested that the forest carbon offsets used by companies such as Shell, Salesforce, and others are largely ineffective and of little value.

ImpactDigger by ImpactDigger
January 21, 2023
in Carbon market
Reading Time: 1 min read
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Verra is an organization that offers carbon credits to businesses and organizations in order to help them reduce their carbon footprint. Currently, major companies such as Shell, Salesforce, Microsoft, and Amazon hold Verra’s carbon credits. Gold Standard, a major carbon-offset certifier, has stated that it will not accept credits from Verra, citing concerns about the lack of transparency and accountability in Verra’s carbon-offsetting process.

Verra’s carbon credits are designed to help companies offset their emissions by investing in projects that reduce emissions, such as renewable energy, reforestation, and energy efficiency. These credits are sold to companies, who then use them to offset their emissions. By buying these credits, companies can reduce their emissions and help to fight climate change.

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