Are Carbon Credits Still Working?
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 1 September 2022
⏱️ 14 minutes
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| 0:00.0 | Back in 2020, the CEO of Delta Airlines made a big announcement. |
| 0:11.2 | Starting March 1st, Delta Airlines will become the first airline to go fully carbon neutral |
| 0:17.9 | on a global basis. |
| 0:21.8 | So Delta Airlines announces it's going to spend a billion dollars on sustainability efforts. |
| 0:29.8 | The part of Delta's billion dollar plan was buying something called carbon credits. |
| 0:35.2 | These credits are a way for companies to fund green energy projects without having to |
| 0:39.8 | cut down on their own emissions or change how they operate their businesses. |
| 0:45.4 | As an airline, Delta produces a lot of emissions because commercial airplanes rely so heavily |
| 0:50.6 | on jet fuel. |
| 0:52.4 | Our colleague Shane Schiflett started looking into the carbon credits that Delta bought |
| 0:56.6 | and the renewable projects they support. |
| 1:00.5 | One of the projects that I came across early on is this wind farm in India. |
| 1:05.2 | It's in a southwestern state of India. |
| 1:08.4 | They're just south of a forest actually where wild elephants have been spotted forage |
| 1:12.5 | and bamboo. |
| 1:14.6 | And in 2010, they started construction on a string of wind turbines, 34 wind turbines |
| 1:21.9 | that were kind of up on this hilly area, overlooking some villages. |
| 1:28.0 | And so this wind farm was up and running starting in about 2011 and it had been running |
| 1:34.3 | profitably and productively ever since then. |
| 1:39.2 | Carbon credits are supposed to go to projects that wouldn't be financially sustainable otherwise. |
| 1:44.5 | But the credits Delta bought weren't doing that. |
| 1:47.4 | The wind farm had been in operation for 10 years and this made Shane question whether |
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