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Article
Fixing forest carbon credits
Abdul Latif Jameel Poverty Action Lab (J-PAL) affiliate researcher Rohini Pande's article in Science explores the challenges posed by the current carbon credit system and the potential solutions for forest preservation.
Rohini writes: 'Implementing better-designed forest preservation projects that can provide credible [voluntary carbon credits] VCCs does not of course prevent the fundamental paradox of voluntary offsets: they can be, and are, used to enable citizens in rich countries to justify continued high-carbon-emitting activities and to enable companies in these countries—particularly fossil-fuel companies—to justify continuing to sell high-carbon-emitting products and services. At this stage of the climate crisis, we need both to preserve and restore forests and to put a hard stop to unnecessary high-carbon-emitting activity, using offsets only to compensate for unavoidable carbon emissions. So economists also need to be thinking about how to implement effective regulation to prevent these wasted emissions."
Details
author(s)
Rohini Pande
publication date
11 January 2024
source
Science
related programme
Abdul Latif Jameel Poverty Action Lab
Link to publication
External link ->
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