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Carbon markets

UN advises against offsets for carbon removal technologies

UN advises against offsets for carbon removal technologies

Billions of dollars are pouring into tech-based solutions to suck carbon dioxide from the atmosphere but the UNFCCC says they are unproven and pose unknown risks.

Verra boss steps down after criticism of its carbon credits

Verra boss steps down after criticism of its carbon credits

The carbon credit certifier has both grown rapidly and faced mounting integrity accusations during outgoing CEO’s tenure.

Verra's revamped forest offset programme comes under fire

Verra’s revamped forest offset programme comes under fire

Verra picked a controversial carbon credit verifier to review its new forest offset rules and critics say the changes don’t fix the problem

Mitsubishi bets on carbon removal while keeping coal plants

Mitsubishi bets on carbon removal while keeping coal plants

Japanese engineering giant Mitsubishi has announced a major investment in carbon removal technology, despite continuing to run fossil fuel power plants.

Carbon discredits - Climate Weekly

Carbon discredits – Climate Weekly

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Carbon credit industry resists vulnerable nations' call to fund adaptation

Carbon credit industry resists vulnerable nations’ call to fund adaptation

New carbon credit guidelines do not recommend a mandatory levy to fund adaptation despite calls from vulnerable countries and experts

Consultants close to industry shaped Australia's controversial carbon credit policy

Consultants close to industry shaped Australia’s controversial carbon credit policy

The government commissioned advice from expensive consultants from EY, a company that had also worked with carbon offsetters and the fossil fuel industry.

Carbon credit rule-makers must engage Indigenous People

Carbon credit rule-makers must engage Indigenous People

Indigenous people protect the forests but the organisation writing up a rule-book for high-quality carbon offsets has not adequately consulted them

Revealed: How Shell cashed in on dubious carbon offsets from Chinese rice paddies

Revealed: How Shell cashed in on dubious carbon offsets from Chinese rice paddies

Shell’s rice farming offset projects are under review. Climate Home found them riddled with accounting loopholes and questionable integrity claims.

Coffee farm Guatemala

Corporations push “insetting” as new offsetting but report claims it is even worse

More companies claim that supply-chain carbon removal is the way forward. But a new report raises concern over the credibility and transparency of insetting.

clean cookstove

Greenwash alert as Cop27 draft allows double claiming of carbon credits

Companies and countries could take credit for the same tonne of CO2 cut under rules being negotiated in Sharm el-Sheikh

Pakistan queue for relief

Cop27 bulletin: Could polluter taxes fund loss and damage?

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John Kerry, the US Special Envoy on Climate Change

John Kerry’s offsets plan sets early test for UN net zero standards

The US special envoy wants to use carbon credits to speed up the clean energy transition – but experts are sceptical the scheme can meet best practice.

World Bank backs carbon credit blockchain registry to attract crypto investors

World Bank backs carbon credit blockchain registry to attract crypto investors

The World Bank wants to direct the NFT craze towards projects that cut emissions and improve the transparency of carbon offset markets

Chinese companies seek global carbon market for green hydrogen

Chinese companies seek global carbon market for green hydrogen

A project that supplied green hydrogen for buses at the Winter Olympics could be the first of its kind to sell carbon credits through the Clean Development Mechanism

Make polluters pay for climate adaptation, voluntary carbon market body proposes

Make polluters pay for climate adaptation, voluntary carbon market body proposes

An adaptation levy on carbon credits could raise up to $2.5bn a year by 2030, providing more predictable support for climate vulnerable countries

Data exclusive: The 'junk' carbon offsets revived by the Glasgow Pact

Data exclusive: The ‘junk’ carbon offsets revived by the Glasgow Pact

Analysis for Climate Home identifies hundreds of problematic projects that could be used to greenwash national and corporate climate plans

Australian carbon traders defend troubled offset market against whistleblower claims

Australian carbon traders defend troubled offset market against whistleblower claims

Policy upheaval and stark criticism of the quality of carbon offsets from a former official have thrown Australia’s ability to deliver on carbon targets into doubt

Carney, Kyte oversee carbon offset rules to address greenwashing concerns

Carney, Kyte oversee carbon offset rules to address greenwashing concerns

Two initiatives will release standards for the voluntary carbon market this year, while campaigners denounce offsetting as a “scam” that delays real climate action

'Misleading' Polish billboards blame EU climate policy for electricity costs

‘Misleading’ Polish billboards blame EU climate policy for electricity costs

State-owned utilities are using rising energy costs to attack the EU emissions trading system, stoking tensions between Warsaw and Brussels

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