As a growing number of developing countries tighten control over carbon markets, MIGA plans to step in to provide political risk insurance and facilitate investments.
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.
Japanese engineering giant Mitsubishi has announced a major investment in carbon removal technology, despite continuing to run fossil fuel power plants.
The government commissioned advice from expensive consultants from EY, a company that had also worked with carbon offsetters and the fossil fuel industry.
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.
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