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Thai business loves carbon credits, but are they harming the climate and grassroots people?

Thai business loves carbon credits, but are they harming the climate and grassroots people?

14 Sept 03:03 Key points summarised by AI
  • Environmentalists caution that carbon credit systems, without stringent regulation, can facilitate 'greenwashing,' allowing businesses to appear eco-friendly while continuing to emit greenhouse gases.
  • Investigations, including one by The Guardian, have exposed significant flaws, revealing that a high percentage of certified carbon offsets were 'worthless,' prompting major companies to abandon these schemes.
  • Thailand's aggressive promotion of carbon credits, particularly in reforestation, risks creating monoculture forests with low biodiversity and displacing local communities, prioritizing business interests over genuine ecological and social benefits.
  • Experts advocate for carbon credits as a temporary tool for decarbonization, emphasizing principled use that includes new planting, ensuring project sustainability, preventing problem displacement, and fairly sharing benefits with local communities.
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