Kenya concedes ‘millions of hectares’ to UAE firm in latest carbon offset deal | Blue Carbon signs series of deals with African countries for carbon offset projects covering a total area of 24.5 million hectares
by silence7
Kenya concedes ‘millions of hectares’ to UAE firm in latest carbon offset deal | Blue Carbon signs series of deals with African countries for carbon offset projects covering a total area of 24.5 million hectares
by silence7
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It’s worth noting that [a huge fraction of offsets are fraudulent](https://www.theguardian.com/environment/2023/jan/18/revealed-forest-carbon-offsets-biggest-provider-worthless-verra-aoe)
From the article:
“Founded only a year ago, Blue Carbon has no experience managing carbon offset projects.
It is led by Sheikh Ahmed Dalmook Al Maktoum, whose close ties to the UAE royal family, which is heavily invested in oil and gas infrastructure, have raised concerns that the firm’s deals could be used to offset the Emirates’ own emissions.
“They’re not reducing their emissions. But now they’re buying a licence to pollute. And that licence to pollute is called the carbon market,” Fadhel Kaboub, a senior adviser with Power Shift Africa, told Middle East Eye.
A band-aid solution
While the parameters of the deal remain unclear, there is a significant risk that the project will displace communities who live and work on the land.”
Rich polluting nations buying land from poor nations to greenwash their continued fossil fuel production and emissions.