Carbon Credits To Crypto Trading
Carbon credit concept. Tradable certificate to drive industry and company in the direction of low emissions in efficiency cost.
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In March 2022, Shell sold more than 20 LNG cargoes as “carbon-neutral,” backed by nearly five million credits from rice farms in China’s Anhui province. The credits flowed through Verra—the leading voluntary carbon registry—based on claims that irrigation upgrades had slashed methane emissions. However, a 2024 investigation found that the infrastructure was never built, and the emissions reductions never happened. It wasn’t Verra’s first credibility crisis. A 2023 investigation by The Guardian, Die Zeit, and SourceMaterial found that roughly 94% of Verra’s rainforest credits didn’t represent real…
