Analysis: How Indigenous Communities Are Falling Victim to Carbon Piracy
The rapidly deteriorating climate crisis has prompted companies to invest in carbon markets to offset their emissions in hopes to achieve net-zero emissions. Currently, there are two types of carbon markets: compliance credits and voluntary offset markets.
Compliance markets are regulatory requirements or legally binding set by local, national, and international policy. At the national level, the European Union makes it a requirement for high-consuming energy sectors to participate in the Emission Trading System to offset emissions that cannot be mitigated at this point in time.
Photo courtesy of Marlon del Aguila Guerrero/CIFOR.
Source: Earth.Org (link opens in a new window)