carbon market
Newsletter
Credit: Bakhtiar Zein/Big Stock Photo
Carbon markets in question as payment uncertainties loom
A surge in carbon removal technologies raises questions about sustainable funding sources.
In short:
- Innovation in carbon removal is escalating, yet funding mechanisms remain unclear, with companies traditionally buying offsets for environmental compensation.
- Recent skepticism has led to a decline in demand for voluntary carbon market credits, citing reliability issues and a lack of enforcement standards.
- Key industry figures express concerns over the sustainability of carbon markets, highlighting the need for established accounting standards and reliable enforcement.
Key quote:
"More than anything, it’s perpetuated a lack of trust in the voluntary carbon market, which has greatly affected demand."
— Arbor Day Foundation
Why this matters:
Trust and transparency are essential for the growth and effectiveness of carbon markets. Without these, the potential for these markets to facilitate significant environmental restoration and carbon mitigation is compromised, impacting future business models and environmental policies.
Keep reading...Show less
Newsletter
Image by David Mark from Pixabay
In new scramble for Africa, an Arab sheikh is taking the lead
A company established by a Dubai sheikh is finalizing agreements with African nations to manage vast tracts of their forests and sell the carbon credits. Critics are concerned the deals will not benefit Africans and will just help foreign governments perpetuate high emissions.
Newsletter
Photo by Sam LaRussa on Unsplash
Va. environmentalists sue to block Youngkin from exiting carbon market
The Southern Environmental Law Center filed suit Monday to block Gov. Glenn Youngkin (R) from withdrawing Virginia from the Regional Greenhouse Gas Initiative.
Newsletter
Forest campaign group renews charge that carbon credit verification schemes are flawed
The Rainforest Foundation UK claims that all the leading carbon credit verification schemes have allowed millions of credits to enter the voluntary carbon market which do not accurately represent reductions in greenhouse gas emissions.
Photo by Alex Moliski on Unsplash
Pa. forest owners look to carbon market to help manage their trees
The Family Forest Carbon Program was developed to provide landowners with resources to create more carbon storage on their land through growing healthy trees.
Even without human-driven deforestation, climate change threatens some forests
In a study published in Science, researchers analyzed a set of climate and ecosystem models to predict the risks that climate change poses to forests.
Youngkin administration outlines plan to withdraw Virginia from carbon market by regulation
Gov. Glenn Youngkin’s administration announced their newest plans for how they intend to withdraw Virginia from a regional carbon market Wednesday, a move critics say is not allowed by law, would drain important state programs of funding, and would hurt the fight against climate change.
ORIGINAL REPORTING
MOST POPULAR
CLIMATE
