Liberia set to concede 10% of its territory to Emirati company for carbon credit production

www.lemonde.fr Liberia set to concede 10% of its territory to Emirati company for carbon credit production

The pollution rights derived from the conservation or reforestation of nearly 1 million hectares of forests would allow the United Arab Emirates to meet its climate commitments.

Hard paywall, but key facts are before the restriction.

Environment @beehaw.org

Liberia set to concede 10% of its territory to Emirati company for carbon credit production

www.lemonde.fr /en/le-monde-africa/article/2023/08/02/liberia-set-to-concede-10-of-its-territory-to-emirati-company-for-carbon-credit-production_6077402_124.html

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3 comments

This is interesting. On the one hand, seems great that such a cast area will be redirected and protected. On the other, it's being done by a private company to offset terrible activities. And while a big area, on the global scale it seems tiny.
It sort of makes clear that credits, even when followed, are not going to be enough to solve climate change.
- I'm extremely sceptic of carbon credits as a whole. The logic is just flawed. Not because the way you can make carbon credits but because it effectively created a marked where you can buy rights to pollute. For most companies that will be just a matter of economics. If I can make more money by polluting more if I make enough I can just pay to offset the carbon I added to the atmosphere. And seems a bit sad for a country to concede land to a company even if given resource extraction alternatives makes it not that bad.
  
  @GuilhermePelayo @hillsanddales
  Let's try to talk to the industry bosses & their political lobbyists as if they were ignorant & badly behaved children.
  For example. Primary school level science. "Ok, settle down you naughty kids & listen up. To be serious about tackling #ClimateChange, you need to stop carbon emissions from getting into the atmosphere in the first place.
  The biggest problem with carbon offsetting is that it doesn’t really work https://www.greenpeace.org.uk/news/the-biggest-problem-with-carbon-offsetting-is-that-it-doesnt-really-work/