Greenpeace East Asia highlights risks associated with carbon offsets in China, stating that the country's market for accreditation and sale of carbon offset credits, particularly in LNG imports, poses challenges. The report claims that Chinese oil and gas companies are purchasing low-quality carbon offsets to support weak emissions reduction commitments. Greenpeace East Asia urges authorities to disregard faulty carbon offsets, emphasizing that such credits have no place in net-zero pledges and can act as a 'smoke screen' for major polluters to mask increased CO2 emissions. The report particularly scrutinizes forestry carbon projects in China for inconsistent quality due to lax standards and insufficient data collection.

Source: Carbonherald