{"id":10451,"date":"2021-10-07T11:00:51","date_gmt":"2021-10-07T09:00:51","guid":{"rendered":"https:\/\/resoilfoundation.org\/articles\/incendi-crisi-carbon-market\/"},"modified":"2021-10-11T12:45:51","modified_gmt":"2021-10-11T10:45:51","slug":"wildfires-crisis-carbon-market","status":"publish","type":"post","link":"https:\/\/resoilfoundation.org\/en\/environment\/wildfires-crisis-carbon-market\/","title":{"rendered":"Wildfires are putting corporations and carbon market in trouble"},"content":{"rendered":"

Prompted by climate change, wildfires are devastating larger portions of the forests that generate the emission credits sold to the corporations<\/h2>\n

by Matteo Cavallito<\/p>\n

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Escalating wildfires<\/strong> in the US may undermine the CO2 offsetting strategies of large companies. According to the British newspaper The Independent<\/em><\/a>, the problem seems to affect in particular Microsoft<\/strong> and BP<\/strong>, the UK oil giant with a strong presence in America. The heart of the matter is all about forest protection projects, which are used to generate emission credits that can be sold to buyers in the so-called carbon market<\/strong>. The destruction of woodlands, some managers say, is now reducing their carbon capture potential and creating a huge gap.<\/p>\n

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Here is the EU strategy against wildfires: plans, funds and soil protection<\/a><\/p><\/blockquote>\n