EMEA > Europe > Verra urged to overhaul investigation process after REDD project loses $30 mln during probe

Verra urged to overhaul investigation process after REDD project loses $30 mln during probe

Published 15:55 on September 20, 2024 / Last updated at 09:31 on September 26, 2024 / / Americas, Asia Pacific, EMEA (Europe), Nature-based Carbon (Forestry), Voluntary (VCM Governance)

Carbon Pulse PremiumNature & Biodiversity PulseNet Zero Pulse

Verra is damaging investor confidence in the voluntary carbon market through its “presumption of guilt” when handling investigations, warned stakeholders in the Southern Cardamom REDD+ project (SCRP) that says it lost more than $30 million in revenue during a 14-month long probe.
Verra is damaging investor confidence in the voluntary carbon market through its “presumption of guilt” when handling investigations, warned stakeholders in the Southern Cardamom REDD+ project (SCRP) that says it lost more than $30 million in revenue during a 14-month long probe.


A subscription is required to read this content. Subscribe today to Carbon Pulse Premium, Net Zero Pulse and/or Nature & Biodiversity Pulse to access our unrivalled news and intelligence, as well as other content including all job listings. Click here for details.

We offer a FREE TRIAL to each of our subscription services and it only takes a minute to register. If you already have a Carbon Pulse account, login here.

This page is intended to be viewed online and may not be printed.
As per our terms and conditions, the republication or redistribution of Carbon Pulse content can result in the suspension or termination of your subscription.