Browsing: carbon market exploitation

Adwoa works hard on her 15-acre cocoa farm. With the help of these trees, she’s increased her cocoa harvest by 50%. But her carbon earnings for the whole year? Just $14.72. Meanwhile, big chocolate companies in Europe are making over $120 million by trading carbon credits from trees like hers.
Adwoa is one of 140,000 cocoa farmers in Ghana who joined the REDD+ program. It promised that farmers would get paid for protecting trees and reducing deforestation. But in her region, Western North, nearly 92% of farmers have no formal land documents. Because of this, their trees don’t count in the digital systems used to trade carbon. They are left out.