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# Revealed: more than 90% of rainforest carbon offsets by biggest provider are worthless, analysis shows
- URL: https://werd.io/revealed-more-than-90-25-of-rainforest-carbon-offsets-by-biggest/
- Published: 2023-01-18T14:44:54.000Z
- Updated: 2023-01-18T14:44:54.000Z
- Author: Ben Werdmuller
- Tags: #Import 2025-06-13 09:22

“The research into Verra, the world’s leading carbon standard for the rapidly growing $2bn (£1.6bn) voluntary offsets market, has found that, based on analysis of a significant percentage of the projects, more than 90% of their rainforest offset credits – among the most commonly used by companies – are likely to be “phantom credits” and do not represent genuine carbon reductions.” [#Climate](https://werd.io/tag/Climate)

\[[Link](https://www.theguardian.com/environment/2023/jan/18/revealed-forest-carbon-offsets-biggest-provider-worthless-verra-aoe)\]