Unveiling the Carbon Credit Mirage: Gigablue’s Ocean Tech Promises Face Scientific Doubt and Regulatory Gaps
A climate startup’s ocean-based carbon capture project sells massive carbon credits without transparent proof, exposing risks of unchecked green technology and regulatory loopholes.
The so-called breakthrough in ocean carbon capture touted by Israeli startup Gigablue paints a troubling picture of the modern climate industry — one where grand promises collide with scientific skepticism and underregulated markets. Since its founding three years ago, Gigablue has dazzled investors and buyers by selling 200,000 carbon credits based on an unproven method involving particles released into oceans designed to sink carbon deep below the surface. The company claims this will help reverse global warming by mimicking natural processes, but outside scientists remain unconvinced due to scarce public data, questioning whether this ‘technology’ is anything more than wishful...
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