{"id":251968,"date":"2024-05-31T18:36:24","date_gmt":"2024-05-31T18:36:24","guid":{"rendered":"https:\/\/news.republicofgreen.com\/value-of-carbon-offsets-market-has-dropped-61-since-2022-report-finds\/"},"modified":"2024-05-31T19:20:19","modified_gmt":"2024-05-31T19:20:19","slug":"value-of-carbon-offsets-market-has-dropped-61-since-2022-report-finds","status":"publish","type":"post","link":"https:\/\/news.republicofgreen.com\/value-of-carbon-offsets-market-has-dropped-61-since-2022-report-finds\/","title":{"rendered":"Value of Carbon Offsets Market Has Dropped 61% Since 2022, Report Finds"},"content":{"rendered":"
A primary forest in Madre de Dios, Peru where deforestation continued despite REDD+ carbon credits, on July 4, 2023. Angela Ponce for The Washington Post via Getty Images <\/p>\n
Founded in 2005 as an Ohio-based environmental newspaper, EcoWatch is a digital platform dedicated to publishing quality, science-based content on environmental issues, causes, and solutions.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n
Following multiple scientific studies that have revealed that carbon offsets are not as reliable as once thought, the market value of carbon offsets has dropped by around 61% when compared to its near-peak value in 2022, a new report has found.<\/p>\n
In early 2023, a major investigative report by The Guardian, Die Zeit and SourceMaterial found that the vast majority of forest carbon offset programs are actually \u201cphantom credits\u201d that don\u2019t help remove any emissions from the atmosphere. A 2022…<\/p>\n<\/div>\n