TOKYO -- Carbon credits issued for a forest project in Belize are still registered as being active even after CO2 reduction efforts in the area have ended, a Nikkei investigation has found.
One reason the carbon credits are still active is that a carbon-reduction projects database used by companies and other buyers is not current, leading to transactions based on faulty information. As a result, the money paid by greenhouse gas emitters to buy credits has not been used to finance practices that use forests to trap carbon.
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