A recent analysis published on Phys.org Earth Sciences reveals that at least 84% of carbon credits may not represent actual emissions reductions. The study highlights issues with double-counting and reversal of avoided emissions from forest protection, as well as the potential for renewable energy projects to have proceeded without being counted as a credit. This finding has significant implications for companies relying on carbon credits to offset greenhouse gas emissions, including those in the mineral exploration industry. As investors and industry professionals, it is essential to consider the effectiveness of carbon credits in achieving net-zero goals and the potential impact on the mining sector.

Carbon Credits Under Scrutiny