Solving the carbon market ‘integrity crisis’

  • 📰 ftenergy
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Companies should consider new approaches to using carbon credits

It’s been a rough couple of years for the voluntary carbon market, with allegations about the shaky integrity of various projects, and a huge slump in demand. Just a few days ago, Brazil’s environment minister warned that the market could be channelling money towards criminal groups that have allegedly been selling carbon credits from stolen land in the Amazon region.

But there are other — and perhaps better — ways for companies to use carbon credits than offsetting. At the heart of the controversy around offsetting is the problematic assertion that one carbon credit means one fewer tonne of carbon dioxide in the atmosphere. That tidy claim can perhaps be made by some companies in the carbon removal space, such as Switzerland’s Climeworks, that use machines to suck precise quantities of CO2 from the air.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Solar Companies Forced To Borrow To Finance GrowthSolar companies raised $12.2 billion across 50 debt financing deals in the first six months of 2024.
La source: OilandEnergy - 🏆 34. / 68 Lire la suite »

Companies House make public financials between Amanda Staveley and Reuben family re Newcastle UnitedThe Mag
La source: NUFCTheMag - 🏆 124. / 51 Lire la suite »