Reported 4 months ago
One of the largest carbon-offset projects is being removed from a key registry and standards body, impacting the CO2 credit market. Carbon Green Investments is withdrawing the Kariba forestry project in Zimbabwe from Verra's registry and will register it with the Greenhouse Gas program instead due to challenges in project management and communication. The decision raises concerns about the carbon market's buffer pool and Verra's rules for project management in the event of withdrawal, with Verra emphasizing continuity in environmental and social integrity despite the project exits.
Source: YAHOO