ESG & Investing
Market for Carbon Credits Faces Fresh Blow as Offsets Slammed
More than 80 nonprofits team up to declare that carbon offsets are undermining genuine net zero action.
A coal-fired power plant, in Craig, Colorado.
Photographer: Chet Strange/BloombergThe market for carbon credits is facing a renewed wave of opposition as climate activists deliver a fresh warning to companies and governments not to use such financial instruments to offset their emissions.
More than 80 nonprofits have teamed up to declare that carbon offsets are undermining genuine net zero action, and are now calling for the total blacklisting of such instruments in climate regulations and guidelines.