Carbon Markets Expected to Exceed $800 Billion Despite Falling Trade Volumes

A few days ago, we reported that green and socially responsible investments, aka ESG Environmental, Social, and Governance investing, have slowed down dramatically amid multi-year highs in oil and gas prices. ESG assets in the United States have fallen by 50% compared to 2020 levels, a worrying trend considering the alarming climate reports that have been coming in.

has warned that the biggest risk posed by carbon credits is that they tend to encourage complacency. According to UN Environment climate specialist Niklas Hagelberg “UN Environment supports carbon offsets as a temporary measure leading up to 2030, and a tool for speeding up climate action. However, it is not a silver bullet, and the danger is that it can lead to complacency.

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Scottish Minister to Introduce Legislation to Tackle Carbon Emissions from Cruise ShipsLorna Slater, the Minister for Green Skills, Circular Economy and Biodiversity, plans to empower local authorities to charge visiting cruise ships a levy to tackle carbon emissions and raise funds. The move aims to ensure that communities hosting cruise ships receive the investment they deserve, with the intention of charging the most polluting ships more. This policy aligns with global efforts to reduce emissions from the sector, as seen in Barcelona's ban on cruise ships and Norway's restriction on non-zero emission ships in its fjords.
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