So, how is it that utility companies in Europe can get away with claiming offsets without having to verify and validate those claims? Why are they not held to the same globally-recognized set of standards as everyone else? Why do they get to take credit today for an offset that is not likely to accrue for decades into the future, if it even happens at all? Where is the legally-binding agreement to keep the carbon stored in the forest for 100+ years? And, perhaps most disturbing of all, how are the utility companies taking credit for (and reaping the value of) the carbon stored in someone else’s forests without paying the forest owners? This double standard is beyond troublesome.
Our Forests. Our Strength.