Following on the sordid tale of the Nature Conservancy's racket.
From ProPublica and MIT Technology Review, May 10:
This story was co-published with MIT Technology Review.
The Massachusetts Audubon Society has long managed its land in western Massachusetts as crucial wildlife habitat. Nature lovers flock to these forests to enjoy bird-watching and quiet hikes, with the occasional bobcat or moose sighting.
But in 2015, the conservation nonprofit presented California’s top climate regulator with a startling scenario: It could heavily log 9,700 acres of its preserved forests over the next few years.
The group raised the possibility of chopping down hundreds of thousands of trees as part of its application to take part in California’s forest offset program.
The state’s Air Resources Board established the system to harness the ability of trees to absorb and store carbon to help the state meet its greenhouse gas reduction goals.
The program allows forest owners like Mass Audubon to earn so-called carbon credits for preserving trees. Each credit represents a ton of CO2. California polluters, such as oil companies, buy these credits so that they can emit more CO2 than they’d otherwise be allowed to under state law. Theoretically, the exchange should balance out emissions to prevent an overall increase in CO2 in the atmosphere.
The Air Resources Board accepted Mass Audubon’s project into its program, requiring the nonprofit to preserve its forests over the next century instead of heavily logging them. The nonprofit received more than 600,000 credits in exchange for its promise. The vast majority were sold through intermediaries to oil and gas companies, records show. The group earned about $6 million from the sales, Mass Audubon regional scientist Tom Lautzenheiser said.
On paper, the deal was a success. The fossil fuel companies were able to emit more CO2 while abiding by California’s climate laws. Mass Audubon earned enough money to acquire additional land for preservation, and to hire new staff working on climate change.
But it didn’t work out as well for the climate, unless Mass Audubon actually intended to start acting more like a timber company. The project wouldn’t achieve anywhere near the claimed levels of reduced carbon emissions if the nonprofit was getting credits for forests that were never in danger of aggressive logging. And every time a polluter uses a credit that didn’t actually save a ton of carbon, net emissions go up, undermining the point of the program.
In order for California’s system to work, carbon market experts say, the program must cause carbon savings that wouldn’t have happened in the absence of the program. If Mass Audubon had already planned to preserve the forest, then the carbon credits program is paying to save trees that were never at risk.
The concept in question is known as “additionality.” And how regulators create rules to ensure it happens is at the heart of the debate about whether California’s carbon offset program is actually benefiting the environment.
To the Air Resources Board, the landowner’s intent is not important. So long as the land could have been logged in a way that is legal, doesn’t lose money, and doesn’t exceed typical logging practices in that region, the agency’s rules treat the savings to the atmosphere as real.
Some offset researchers argue that the state’s approach allows landowners to claim credits for trees that were never in danger.
New research by the San Francisco nonprofit CarbonPlan provides evidence that this is occurring: It shows that landowners in the program routinely maximize the number of trees they assert they could chop down if they weren’t given carbon credits, even if they have little history of logging or have mission statements in sharp opposition to such practices.
The research suggests the program could be significantly exaggerating the amount of carbon savings achieved.
“The nearly universal pattern we see in the data,” said Danny Cullenward, policy director at CarbonPlan and a coauthor of the study, corroborates concerns that “those projects are not delivering real climate benefits.”
That finding was one piece of a larger study that concluded the program issued tens of millions of carbon credits that don’t achieve real climate benefits. As ProPublica and MIT Technology Review reported recently, those ghost credits were the result of oversimplified calculations of average carbon levels in forests.....
....MUCH MORE
As the prostitute said: "I got it, I sell it, I still got it."Or something.
"A Top U.S. Seller of Carbon Offsets Starts Investigating Its Own Projects"
"These Trees Are Not What They Seem: How the Nature Conservancy, the world’s biggest environmental group, became a dealer of meaningless carbon offsets"
"Norway, Sweden, and Finland Evicting Ugandan Farmers For Carbon Credits"
One of the worst approaches to carbon capital there is.
The folks who, fifteen years ago, were likening carbon credits to the old skool Catholic church selling indulgences to absolve rich parishioners of their sins were not that far off. The credits basically allow you to continue doing what you were doing or, as US climate czar John Kerry said when jetting off to Iceland in his private plane to receive a climate change leadership award:
“If you offset your carbon, it’s the only choice for somebody like me
who is traveling the world to win this battle”
Roger that, only choice, over.
And from the Oakland Institute, a group that, like Farmlandgrab keeps tabs on the land, the headline story:....
