A report on regenerative grazing scammers trying to get $$$$ for "carbon offsets" in Kenya
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The project, which started in January 2013, is based on the notion that replacing what it calls the traditional ‘unplanned’ grazing with ‘planned rotational grazing’ will allow vegetation in the area to (re)grow more prolifically. This in turn, the project claims, would result in greater storage of carbon in the conservancies’ soils - averaging around three-quarters of a tonne of additional carbon per hectare per year. Thus the project would allegedly generate around 1.5 millions of tonnes of extra carbon ‘storage’ per year, producing around 41 million net tonnes of carbon credits for sale over a 30-year project period. The gross value of these could be around US$300 million – US$500 million, but potentially much more.
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The project has been described by the European Commission as the model on which is intends to base a forthcoming large funding programme for conservation projects in Africa called ‘NaturAfrica’.
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Ironically, the rancher practices also ruin the traditional pastoralist activity because the pastoralists there require vast, vast, tracts of land to move herds over and to find fresh pasture opportunities.
You can expect more of this scamming at #COP28 for sure.
https://www.survivalinternational.org/articles/carbon-offset-scheme-makes-millions-from-Indigenous-land-Northern-Kenya