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.

  • hillsanddales@sh.itjust.worksEnglish
    7·
    1 year ago

    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.

    • GuilhermePelayo@slrpnk.net
      6·
      1 year ago

      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.