'Independent' auditors overvalue credits of carbon projects, study finds
A recent study reviewed 95 flawed carbon credit projects registered under Verra, the world’s largest voluntary carbon credit registry, and found signs of systematic flaws with the auditing process. These issues suggest that carbon credits often fail to accurately represent actual emission reductions, thereby undermining global climate mitigation efforts. The findings further erode trust in the carbon market, with specialists warning that its entire credibility relies on independent verifiers;