Through the firm Blue Carbon, Sheikh Ahmed Dalmook al-Maktoum’s carbon offsetting deals, which could one day be worth billions, have led to questions about previous business ventures.
Companies will have 10 days to justify green claims about their products or face “effective, proportionate and dissuasive” penalties, under a draft EU crackdown on greenwashing.
The forest carbon offsets approved by the world’s leading provider and used by Disney, Shell, Gucci and other big corporations are largely worthless and could make global heating worse, according to a new investigation.
Carbon offsetting is often met with scepticism, but a new report suggests that if correctly designed it can be an important part of the net zero transition.
