CEO of biggest carbon credit certifier to resign after claims offsets worthless

The Guardian did a joint investigation and helped uncover large amounts of malfeasance.

It comes amid concerns that Verra, a Washington-based nonprofit, approved tens of millions of worthless offsets that are used by major companies for climate and biodiversity commitments, according to a joint Guardian investigation earlier this year.

https://www.theguardian.com/environment/2023/may/23/ceo-of-worlds-biggest-carbon-credit-provider-says-he-is-resigning?CMP=share_btn_tw

The announcement follows a difficult period for Verra, which has seen the environmental integrity of their carbon standard satirised by the comedian John Oliver and journalistic exposés about the integrity of their carbon credit certification process.

In January, a nine-month investigation by the Guardian, the German weekly Die Zeit and the investigative group SourceMaterial found Verra rainforest credits used by Disney, Shell, Gucci and other big corporations were largely worthless, often based on stopping the destruction of rainforests that were not threatened, according to independent studies. It also found evidence of forced evictions at a flagship scheme co-operated by Conservation International in Peru.

https://www.theguardian.com/environment/2023/may/23/ceo-of-worlds-biggest-carbon-credit-provider-says-he-is-resigning?CMP=share_btn_tw

…

Scientists have called for the unregulated system to be urgently reformed to finance climate mitigation and forest conservation despite current concerns about integrity.

https://www.theguardian.com/environment/2023/may/23/ceo-of-worlds-biggest-carbon-credit-provider-says-he-is-resigning?CMP=share_btn_tw

Good for the Guardian. You can read the story in its entirety here.

Guest Post By Renee Hannon

This post evaluates the relationship of global CO₂ with regional temperature trends during the Holocene interglacial period. Ice core records show that CO₂ is strongly coupled with local Antarctic temperature and slightly lags temperature over the past 800,000 years (Luthi, 2008). Whereas the emphasis has been on CO₂ and temperature lags/leads, this study focuses on Holocene millennium trends in different latitude-bounded regions.

The Contrarian Antarctic

The Holocene is fortunate to have hundreds of proxy records analyzed by Marcott, 2013, and more recently Kaufman, 2020, to establish regional and global temperature trends. The Holocene interglacial occurs approximately during the past 11,000 years. In general, global temperature trends from proxy data show a Holocene Climatic Optimum (HCO) around 6000 to 8000 years ago and a subsequent cooling trend, the Neoglacial period, culminating in the Little Ice Age (LIA). The global mean temperature is comprised of regional trends that tend to have a concave down appearance during the Holocene shown in Figure 1a.

The exception is the Antarctic shown in red which has a concave up shape. The Antarctic reached an early Holocene Climatic Optimum between 9000 to 11000 years ago. While global and most regional temperatures were warming, Antarctic cooled to a minimum around 8000 years ago. While global and other regions show progressive cooling during the Neoglacial, the Antarctic was flat and erratic. This contrary Antarctic temperature behavior during the Holocene has also been noted by Andy May here.

Greenland and Antarctic ice core temperature anomalies derived from deuterium and/or oxygen isotopes and global proxy temperature means are shown in Figure 1b. Ice cores have high resolution over long periods of time making them a key proxy dataset. These data show similar trends to the regional compilation. However, temperature ranges tend to be larger at individual proxy sites. Smoothing of paleoclimate proxy data occurs due to averaging of multiple data types together which removes local temperature variability (Kaufman, 2023).

It’s not surprising that Antarctic temperature trends behave differently due to its unique environment. Antarctica is a continent surrounded by the Southern Ocean with a mean annual temperature of the interior between -50 to -60 deg C. Most of Antarctica is covered by a permanent ice sheet averaging 2 km in thickness. Sparse proxy data from Antarctica is predominantly from ice cores and a few marine sediments. These data comprise temperature trends in the 90^oS-60^oS latitude region which represent less than 10% of Earth’s surface area.

CO₂ is Uniquely Synchronous with Antarctic Temperatures

CO₂ gas trapped in ice bubbles show synchronous trends with local Antarctic temperature anomalies during glacial and interglacial periods over the past 800,000 years. CO₂ ranges from lows of 180 ppm during glacial periods to highs of near 300 ppm during interglacial periods. Figure 2a shows the linear regression of CO₂ and temperature from the EPICA Dome C ice core over the past 60,000 years that includes the Holocene interglacial and last glacial maximum. The squared regression (R²) of 0.9 is very impressive. One interesting curiosity is the Holocene interglacial period where the slope tends to flatten out and R² decreases substantially to 0.3.

Despite the lower correlation factor for the Holocene interglacial, Figure 1a above shows that CO₂ displays concave up trends like Antarctic temperature trends. CO₂ reaches an early Holocene high near 275 ppm around 11,000 years ago after deglaciation. CO₂ then slowly decreases by 10-15 ppm to a Holocene minimum of 260 ppm about 8000 years ago. And then, CO₂ gradually increases up to 290 ppm during the Neoglacial cooling period. To note, these CO₂ values are muted or smoothed due to gas trapping processes in ice and do not reflect instrumental values (Joos, 2008).

Correlation plots of Holocene CO₂ versus temperature anomalies from high resolution regional proxy temperatures are shown in Figures 2b-d. They are much different than the 60,000-year Antarctic CO₂ relationship in Figure 2a. The Arctic and the Northern Hemisphere regions (2c) show an inverse relationship with CO₂, especially during the Neoglacial period. The tropical region (2d) shows large scatter with no statistically valid trend detected. The Southern Hemisphere, not shown, also has a low correlation with CO₂. No other multi-proxy region or latitude temperature trends show a strong positive correlation with CO₂ during the Holocene like the Antarctic does.

Authors have noted that CO₂ has a different trend compared to global and Northern Hemisphere temperature trends. Vinos, 2022, concludes that CO₂ runs opposite to global temperature trends for most of the Holocene. This CO₂ asynchronous behavior and/or lack of correlation to temperature seems to be true for most regions, roughly 90% of the Earth’s surface area.

Climate Models Dominated by CO2 Forcing

Climate models fail to match global Holocene proxy temperatures known as the Holocene temperature conundrum (Liu, 2014). Models basically show a gradual increase in temperatures throughout the entire Holocene as shown in Figure 3a. While temperature proxy data shows a Holocene Climatic Optimum of 0.5 deg C around 6000-8000 years ago that climate models simply do not reproduce.

Holocene global proxy temperature trends show an inverse correlation with CO₂ as plotted in Figure 3b. There are two distinct inverse trends separated by the HCO. During the Neoglacial period, proxy temperatures and CO₂ show a strong negative correlation with an R² of 0.8. Basically, as CO₂ increases then global temperatures become cooler.

Temperatures from model simulations are typically controlled by changes in greenhouse gases, insolation, ice sheets, and freshwater fluxes, to name a few. Modeled temperature profiles parallel the global CO₂ trend with a strong R² of 0.7 confirming CO₂ is a major model control knob. Additionally, modeled Holocene temperatures tend to resemble the contrarian Antarctic temperature trends (compare Figures 1a and 3a).

Scientists have begun to investigate the effect and possible dominance of forcings other than CO₂. Zhang, 2022, modeled the effect of seasonal insolation influence and found better matches to proxy data when combining insolation with ice sheet forcing, although still not perfect. Thompson, 2022, showed that more vegetation influence in the Northern Hemisphere helps models simulate a Holocene Climatic Optimum evident in proxy data. The close relationship between CO₂ and Antarctic temperature suggests that millennial variations are strongly influenced by Southern Ocean processes. Only when past forcings and the timing of their dominance are more accurately incorporated into climate simulations will models be able to predict future climate change.

Observations

Climate change is routinely claimed to be largely controlled by greenhouse gases, especially CO₂. This was concluded, in part, by the strong relationship between CO₂ from Antarctic ice core bubbles and local Antarctic temperature trends. While CO₂ mimics Antarctic temperatures very well, ninety percent of Earth’s surface temperature trends do not demonstrate a positive correlation to CO₂ during the Holocene. Arctic and Northern Hemisphere temperatures become cooler during increasing CO₂ levels. Tropical proxy temperatures don’t seem to be influenced by CO₂.

Model simulated temperatures which are strongly influenced by CO₂ do not accurately history match Holocene global proxy temperatures and tend to largely reflect Antarctic trends. The fact that CO₂ correlates well to Holocene temperatures for only the Antarctic, or <10% of our planet’s surface, yet CO₂ is considered as the dominant influence on climate change is a scientific dilemma.

Download the bibliography here.