nine-month investigation published on January 18, 2023 by The Guardian, Die Zeit, and SourceMaterial, a non-profit investigative journalism organization, found that approximately 94% of the rainforest carbon offsets provided by Verra – which accounted for about 40% of all credits it approved – are worthless.They also found that the credit scheme may worsen global heating and that the deforestation threat for Verra projects was overstated by 400% on average. At one of Verra's project sites in Peru, residents complained about being forcefully evicted from their homes, which were then demolished. The investigation was based on two peer-reviewed studies, one by a group of University of Cambridge scientists and the other from a team of international researchers. Verra denied the claims, criticizing the methodology of the studies as flawed and unrepresentative of the actual conditions of the projects. See also Climate, Community & Biodiversity Alliance Carbon accounting Carbon dioxide removal References External links Verified Carbon Standard Verra VCS Project Database Woodland Carbon Code - About the Code (UK government) Community guidelines for accessing forestry voluntary carbon markets (FAO) The Verified Carbon Standard profile on database of market governance mechanisms Carbon finance