The carbon credit market, valued at approximately $2 billion annually, is viewed by supporters as an important mechanism for combating climate change. However, the program has faced criticism for its lack of transparency and insufficient impact on emission reductions. Stephanie Sy reports on initiatives aimed at enhancing the integrity of carbon markets and making them accessible to small landowners. This report is part of the series titled 'Tipping Point.'
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Carbon credit program incentivizes small landowners to preserve forests
The carbon credit market is currently valued at around $2 billion per year and is considered a vital tool in addressing climate change, despite facing criticism regarding its effectiveness and transparency. Efforts are underway to improve the integrity of these markets and include small landowners in the process.
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Original Headline
Carbon credit program pays small landowners to keep forests standing
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Carbon credit program incentivizes small landowners to preserve forests