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🗞️ Driving the news: A study by the University of California Berkeley reveals that 90% of cookstove carbon credits, popular among companies like Eon, Shell, easyJet, and British Airways, fail to deliver the emissions reductions they claim
• This peer-reviewed research highlights significant shortcomings in the carbon credit system, particularly in the rapidly growing cookstove credit sector
🔭 The context: Cookstove credits are generated by distributing cleaner or less energy-intensive cookstoves in communities that use dirty fuels
• However, the study found an overestimation in the usage of these stoves and the emissions they save. This has led to a significant discrepancy between claimed and actual emissions avoided.
🌍 Why it matters for the planet: The efficacy of cookstove credits is crucial, as they are widely used to offset corporate emissions. The study's findings challenge the integrity of these credits and raise concerns about their actual environmental impact, highlighting a gap in the fight against climate change
⏭️ What's next: The revelation calls for a reevaluation of carbon credit methodologies and their validation processes. It underscores the need for more accurate and reliable mechanisms in the voluntary carbon market to ensure that emission reduction claims are substantiated
💬 One quote: "The credits are being used to justify ongoing emissions...which is simply not true," said Barbara Haya, co-author and founder of the Berkeley Carbon Trading Project.
📈 One stat: The study estimates that cookstove credits lead to 9.2 times fewer emissions avoided than claimed.
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