Carbon offsets allow companies to hide poor performance on cutting own emissions, government advisers say

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 67%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Offsets can mask insufficient efforts from firms to cut their own emissions, often deliver less than claimed, and can muscle out other environmental objectives in the rush to capture carbon, the Climate Change Committee warned.

Centrica told Sky News:"These carbon offsets were initially brought to back a tariff which has not been sold since 2019."We subsequently made the decision not to use them again as they were not aligned with our high environmental standards."

Some studies have projected that if demand keeps growing the global market could be worth up to $50bn by 2030.The CCC report says that current shortcomings"could be overcome with stronger governance to ensure high-integrity carbon credits and clearer guidance for businesses to encourage them to cut their own emissions first and foremost, before turning to offsets."

"But poor-quality offsets are crowding out high-integrity ones. Businesses face confusion over the right approach to take.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It’s all about $ nothing else never was about the environment

You can relax about all that jensstoltenberg and the NATO clowns will be practising Nuclear attacks on Russia next week - WW3 is going to be spectacular

In other words, we're all suffering this net zero BS agenda for nothing...

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines