Carbon Green, an independent initiative based in Harare, Zimbabwe, has issued a statement following recent press coverage which incorrectly suggested the downfall of the world’s second-largest carbon offset project.
The press release, issued by South Pole, noted that the mutual termination agreement had been executed on 19th October. Carbon Green has responded to this, stating that the agreement was mutually agreed upon.
The firm has also said that it has been consistently cast as the fall guy, with financial data being misinterpreted. They are now attempting to rectify the inaccuracies, asserting that their integrity and the projects they are championing remain robust.
Carbon Green has committed to continue to serve their flagship projects, such as the Kariba REDD project and the Chirisa REDD project, with the honor and diligence they warrant. They are also eager to underline VERRA’s stature as a leading authority in the Voluntary Carbon Market, highlighting their integrity to ensure that the stated outputs are transparent and correct.
The firm has categorically denied any allegations of misappropriation of funds and that any entities involved in trophy hunting do not have any claim to carbon revenues. They have also commended the Zimbabwean government for establishing the statutory instrument and providing regulatory framework for all carbon projects to be guided by.
The statement concluded: “It is with deep regret that we find ourselves compelled to correct persistent inaccuracies that have tarnished our reputation. Any statements not founded in truth would only serve to exacerbate our current predicament.”
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.