-Since the ban on new projects in 2019, Verra has issued tens of millions of hydropower-backed offset credits. As stated above, nearly 70 percent of all Verra’s hydropower credits have been issued after their 2019 rule change — totalling 155.8 million hydropower credits since 2020. That’s over nine percent of all the credits Verra has issued from 2020 onward to projects of any kind. Even the _number_ of credited hydropower projects has grown. To date, a total of 268 hydropower projects have been issued credits, a 36 percent increase from the 197 projects credited prior to 2020.<Sidenote>At least some of those new hydropower projects represent the “zombie” projects we linked to the [2021 crypto craze](https://carbonplan.org/research/toucan-crypto-offsets).</Sidenote> Concerningly, there are 79 _additional_ hydropower projects which enrolled in the program before the ban but have not yet been credited, meaning the problem could grow bigger still if Verra fails to take action.
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