Carbon markets are 'bogus solutions' as rich world keeps polluting, African Climate Summit is told

A Nigerian environmental activist criticizes carbon markets as "bogus solutions" and calls for richer countries to reduce their own emissions instead of using Africa's green spaces as offsets.

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Relevant topic timeline:

9/1/2023

Carbon credit market confidence ebbs as big names retreat

The voluntary carbon markets have experienced a decline for the first time in at least seven years, with companies reducing their purchases and concerns arising about the effectiveness of forest protection projects in delivering emissions savings. This decline has negative implications for poorer nations reliant on funds from multinational companies for climate mitigation projects.

9/18/2023

Carbon Markets Offer New Model to Drive Sustainability Through Trading and Offsetting Emissions

Global carbon markets are an alternative model for addressing greenhouse gas emissions and combating climate change, providing an avenue for companies and individuals to offset their emissions and promote sustainable consumption patterns; Brazil, with its substantial natural capacity for carbon dioxide capture, has the potential to become a sustainability powerhouse in this field.