Major airlines have pledged to cut emissions in half but 2050. Today, they state that they can reduce their carbon footprint quickly - while not reducing their flights - by supporting forest conservation projects they can offset emissions. But a joint investigation from
Source Material,
The Guardian and
Unearthed has revealed that these promises rely on "phantom credits." Their investigation also suggests that "the current flagship system for offsetting emissions through avoided deforestation may not be fit for purpose."
Journalists behind the investigations have analysed 10 reduced deforestation offsetting projects relied on by major airlines as part of their emissions reduction pledges and certified by Verra, the biggest issuer of carbon credits in the world; they conducted satellite analysis of deforestation in and around projects backed by major carriers, examined project documentation, interviewed multiple leading experts, and commissioned on-the-ground reporting. They'll share their findings and methodology with us. Join us if you want to learn how the carbon offsetting system works and learn how you can successfully analyse offsetting documents without being intimidated by complicated equations and bureaucratic language.