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Why Paris 2024 Olympic athletes are sleeping on cardboard beds

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By illuminem briefings

· 1 min read


illuminem summarizes for you the essential news of the day. Read the full piece on The Washington Post or enjoy below:

🗞️ Driving the news: A Washington Post investigation reveals that many carbon credit projects in the Brazilian Amazon are exploiting publicly protected lands
• These ventures, often unauthorized, generate substantial profits without sharing revenue with local communities

🔭 The context: Carbon credits are financial instruments aimed at reducing carbon emissions by funding preservation projects
• However, over half of these projects in the Amazon overlap with public lands, covering an area six times the size of Maryland

🌍 Why it matters for the planet: These activities undermine genuine conservation efforts, as carbon credits are issued for land already protected, thus offering no real reduction in emissions

⏭️ What's next: Brazilian authorities are beginning to investigate these practices, which may lead to tighter regulations and scrutiny over carbon credit markets

💬 One quote: "The system is very gameable, and the victim is the planet, and all of humanity who suffers because we’re not reducing emissions, but get to pretend we are." — Joseph Romm, climate researcher

📈 One stat: The projects have generated over 80 million carbon credits, with a market value exceeding $212 million

Click for more news covering the latest on carbon

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