DuckDuckGo Is Now Carbon Negative
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I think these projects are worthwhile, and do need investment, but carbon offsetting seems like a disingenuous term to use here. Especially if the stuff that is funded doesn't even work out.
[1] Carbon free means not causing carbon to be released; carbon neutral is offsetting the carbon that's released by capturing it somewhere else.
I therefore pledge to reduce my carbon footprint to zero for 300 years after my 120th birthday.
We're to expect that, as demand increases, whoever is selling the negative carbon will eventually double-sell the same negative carbon.
I suspect that whoever is buying has no way to check.
For each credit worth of carbon DDG activities do, they are offsetting 1.25 credits worth of carbon through purchasing those credits.
But, further still they are then buying additional credits through startups that actually remove carbon from the air and sequester it, as it outlines in the article.
Couldn't be prouder to be a DDG user.
That assuming the tree planting is done correctly, and does not lead to unhealthy fire prone over density, in the chase for an extra buck. Like every financialized enterprise in the history of the world. No, the tree planting people are good people and would never do something like that.
At best these programs are forest preservation programs. That is they attempt to keep the carbon in the forest instead of blowing the forest up for short term economic gain. That is good, we need more of it. But it is disingenous to call them 'carbon capture' and the end result 'carbon negative'.
https://www.politico.com/news/2021/07/27/wildfires-rage-carb...
https://carbonplan.org/research/forest-offsets
For fun, check the effect of the Oregon 2020 Lionhead fire on one of these projects. The fire absolutely dwarfed the carbon offset project, and killed half the trees therein.
The offsetting is one thing but they are also funding credits to startups that physically remove carbon from the air and sequestering it in these carbon capture programs.
Over time these low hanging fruit will all be picked resulting in an increase in the cost of carbon offsets.
I just think it's fun to think of DDG in this scenario looking at it like Oh we bought too much carbon offset, now we're carbon negative, we have a nice lot of negative carbon on our books, instead of issuing bonds let's raise some cash reducing our negative carbon assets.
If it would be carbon negative show me where it removed CO2 from the air and how it is stored now "forever".
This is just a climate indulgence scam.
If you read the article you'll note that they are specifically doing that in partnership with Stripe's climate program which funds startups who do, at signifgant cost, physically remove the CO2 from the air and sequester it.