{"id":84891,"date":"2025-10-17T19:10:10","date_gmt":"2025-10-17T19:10:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/84891\/"},"modified":"2025-10-17T19:10:10","modified_gmt":"2025-10-17T19:10:10","slug":"majority-of-carbon-credits-from-tarnished-project-deemed-bogus","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/84891\/","title":{"rendered":"Majority of Carbon Credits From Tarnished Project Deemed Bogus"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">After a two-year probe, the world\u2019s largest certifier of carbon offsets has determined that most of the credits from a massive forest-protection project in Zimbabwe, which powered green claims of Volkswagen, Gucci, Nestle and McKinsey &amp; Co., failed to benefit the atmosphere.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">It\u2019s a sharp blow to carbon markets, which have shrunk by more than two-thirds since 2021, amid <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-06\/a-third-of-all-carbon-credits-fail-to-get-key-stamp-of-approval\" title=\"Carbon Markets Face Upheaval as 32% of Credits Fail Test\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">ongoing concerns<\/a> about the quality of carbon projects and a <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2025-06-12\/climate-pledges-dropped-by-coca-cola-bp-hsbc-as-planet-heats-up?srnd=undefined\" title=\"As Companies Abandon Climate Pledges, Is There a Silver Lining?\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">broader corporate pullback<\/a> in climate action.<\/p>\n","protected":false},"excerpt":{"rendered":"After a two-year probe, the world\u2019s largest certifier of carbon offsets has determined that most of the credits&hellip;\n","protected":false},"author":2,"featured_media":84892,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[14313,273,2518,64734,64733,111,139,69,9016,7254,64620,147,1769,64731,13765,64732],"class_list":{"0":"post-84891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-environment","8":"tag-deforestation","9":"tag-environment","10":"tag-green","11":"tag-jonathan-crook","12":"tag-nestle-sa-reg","13":"tag-new-zealand","14":"tag-newzealand","15":"tag-nz","16":"tag-pennsylvania","17":"tag-policy","18":"tag-puerto-rico","19":"tag-science","20":"tag-switzerland","21":"tag-verra","22":"tag-volkswagen-ag","23":"tag-zimbabwe"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/84891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=84891"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/84891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/84892"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=84891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=84891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=84891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}