How can the beleaguered carbon market be saved? Carbon market pioneer Daniel Morrell’s solution is straightforward: Go back to the market’s roots by focusing less on carbon and more on biodiversity generation and community welfare. It might be easier said than done; nonetheless, he is giving it a shot. Morrell recently launched Balance, a new avatar of the carbon credit that puts the focus primarily on biodiversity protection and generating new sources of income for local communities. With a three-pillared methodology, he plans to address biodiversity loss, poverty and climate breakdown with the aim of keeping forests intact long after projects have wrapped up. “Tackling any one of these in isolation is ineffective as they are structurally linked,” Morrell, CEO of Balance and climate advisor to the U.K. Prime Minister’s Office, 10 Downing Street, told Mongabay in an email interview. He said he wants Balance units to address these issues simultaneously rather than allowing people and companies to purchase “a ‘get out of jail free’ card to excuse emissions.” Dan Morrell launched Balance credits with the aim of saving the beleaguered carbon market by putting the spotlight on biodiversity protection and community welfare. Image courtesy of John Nguyen. For years, carbon offset projects have allowed people and companies to invest in forest restoration projects to cancel out, or offset, emissions they produce. However, the voluntary carbon market has faced widespread scrutiny for lacking transparency on how it measures the success of projects, leading to allegations of greenwashing. Many projects have…This article was originally published on Mongabay