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Is Bolivia’s $1.2 Billion Deal to Protect Its Forests a Climate Boon—or a False Solution?
The South American nation has partnered with an American company to sell “carbon securities” under Paris Agreement rules. Experts say the approach could prompt a global wave of corporate greenwashing.
By Nicholas Kusnetz
Sometime next month, the Bolivian government and a company you probably haven’t heard of are poised to offer what could be the largest single sale of carbon credits in history. The deal will be unusual not only for its size—$1.2 billion, organizers said—but also because it will be backed by a national government and packaged under new rules developed as part of the Paris Agreement.