Story perspectives

UK Waste £11.6 Billion on Questionable Carbon Credit Projects

11/5/2025

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Summary

Story summary

UK civil servants acknowledge risks of spending public funds on carbon credits, citing potential greenwashing.
Nevertheless, the government continues allocations that favor wealthy electric-vehicle buyers and burden the poor.
Reports show £11.6 billion spent on questionable projects, including deforestation in Brazil and land displacement in Uganda.
The climate crisis worsens as donor resources lag, with vulnerable countries demanding grants rather than loans to address loss and damage.

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Story summary

UK civil servants acknowledge risks of spending public funds on carbon credits, citing potential greenwashing.
Nevertheless, the government continues allocations that favor wealthy electric-vehicle buyers and burden the poor.
Reports show £11.6 billion spent on questionable projects, including deforestation in Brazil and land displacement in Uganda.
The climate crisis worsens as donor resources lag, with vulnerable countries demanding grants rather than loans to address loss and damage.