Probably the case. At the same time, these sorts of programs have problems even when implemented.
"When we looked at satellite tracking of carbon levels and logging activity in California forests, we found that carbon isn’t increasing in the state’s 37 offset project sites any more than in other areas, and timber companies aren’t logging less than they did before…
“Studies have already shown that projects are often overcredited at the beginning and might not last as long as expected. In this case we’re finding a bigger issue: a lack of real climate benefit over the 10 years of the program so far.”
DB2