Thai business loves carbon credits, but are they harming the climate and grassroots people?
While carbon credits are hailed in some quarters as a solution for the climate crisis, environmentalists warn they could send the planet spiralling into an even worse disaster.
The carbon credit system is a method by which businesses and organizations can buy credits for carbon-reducing projects (such as reforestation) to offset their greenhouse gas emissions.
But Witoon Lienchamroon, director of the environmental watchdog Biothai Foundation, cautions that unless regulations are in place to ensure carbon credits are properly audited, they become yet another method of greenwashing.
