Carbon credit market confidence ebbs as big names retreat

The voluntary carbon markets have experienced a decline for the first time in at least seven years, with companies reducing their purchases and concerns arising about the effectiveness of forest protection projects in delivering emissions savings. This decline has negative implications for poorer nations reliant on funds from multinational companies for climate mitigation projects.

reuters.com

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8/17/2023

Carbon costs and stock market performance: New evidence from European firms

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Bad carbon credits are edging out good ones in the carbon offset market, posing a significant challenge in the efforts to reduce greenhouse gas emissions and combat climate change.

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Carbon credit speculators could lose billions as offsets deemed ‘worthless’

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Carbon markets are 'bogus solutions' as rich world keeps polluting, African Climate Summit is told

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Carbon Markets Offer New Model to Drive Sustainability Through Trading and Offsetting Emissions

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Posted 9/1/2023, 6:28:35 AM

Carbon credit market confidence ebbs as big names retreat

reuters.com

Relevant topic timeline:

8/17/2023

Carbon costs and stock market performance: New evidence from European firms

8/23/2023

Opinion

Bad carbon credits are edging out good ones in the carbon offset market, posing a significant challenge in the efforts to reduce greenhouse gas emissions and combat climate change.

8/24/2023

Carbon credit speculators could lose billions as offsets deemed ‘worthless’

Many carbon credits bought by speculators have no environmental value and have become useless assets, potentially causing them to lose billions of dollars.

8/24/2023

Why voluntary carbon markets for nature are needed right now

The voluntary carbon market can help mobilize public sector finance towards NbS in the Global South.

8/25/2023

'Worthless': Scientists Warn Carbon Offsets Are a Dangerous Illusion

9/6/2023

Carbon markets are 'bogus solutions' as rich world keeps polluting, African Climate Summit is told

A Nigerian environmental activist criticizes carbon markets as "bogus solutions" and calls for richer countries to reduce their own emissions instead of using Africa's green spaces as offsets.

9/18/2023

Carbon Markets Offer New Model to Drive Sustainability Through Trading and Offsetting Emissions