· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on Al Jazeera or enjoy below:
🗞️ Driving the news: The voluntary carbon market, designed to offset greenhouse gas emissions, faces criticism for failing to uphold human rights
• Investigations into projects in Kenya and Cambodia uncovered abuses such as forced evictions, harassment, and sexual violence against local communities, undermining claims of benefiting frontline populations
• The COP29 agreement to expand global carbon trading raises further concerns about the market’s accountability
🔭 The context: Projects like Kenya’s Kasigau Corridor REDD+ and Cambodia’s Southern Cardamom REDD+ have issued millions of carbon credits purchased by high-profile companies, despite allegations of serious human rights violations
• Certification by Verra, the largest standard-setter in the carbon market, has been criticized for inadequate oversight, with reviews often limited to desk-based assessments and lacking direct engagement with affected communities
🌍 Why it matters for the planet: While carbon offsetting aims to combat climate change, flawed implementation risks exacerbating social injustice and harming vulnerable populations
• Ethical and transparent standards are essential for the market to genuinely contribute to both climate goals and human rights protections
⏭️ What's next: Advocates urge stronger oversight and enforcement mechanisms in carbon markets, including compensation for affected communities and robust on-site project verification
• As the COP29-backed global carbon market expands, reforms are critical to ensure ethical practices and meaningful safeguards
💬 One quote: “Revenue generation seems to have trumped the need to protect human rights.” – Philip Jakpor, Renevlyn Development Initiative
📈 One stat: Verra has certified two-thirds of the credits in the voluntary carbon market, despite documented abuses in projects it oversees
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