Carbon credits
Fossil fuel firms seek UN carbon market cash for old gas plants
Fossil fuel companies that built gas power plants more than a decade ago are hoping for rewards from a new carbon credit market
“Shameful”: Shell uses carbon credits under investigation to meet climate targets
The oil and gas giant offset part of its emissions with over a million credits from Chinese projects suspended because of integrity concerns
Junk offset sellers push to enter new UN carbon market
Renewable energy schemes make up four-fifths of Kyoto-era projects hoping to keep selling offsets under Article 6, sparking concerns over the credibility of the new market.
Ten climate questions for 2024
The US election and negotiations on a new global finance target are the most important things for the climate in 2024
Six takeaways from 2023’s climate change news
Fossil fuel fights, finance struggles, a resurgent relationship, and much more. We recap the most impactful international climate developments in 2023.
Countries go ahead with carbon deals despite Cop28 standoff
The US and EU couldn’t agree on common rules for bilateral carbon trades in Dubai, leaving a vacuum for voluntary certifiers
Carbon credits talks collapse at Cop28 over integrity concerns
The EU and allies rejected proposed carbon trading rules that followed a “light-touch” approach favoured by the US
Meet the Italian fugitive advising Emirati start-up Blue Carbon
Samuele Landi has been convicted for bankruptcy fraud in Italy. That was no problem for the UAE firm doing forest carbon credit deals across Africa.
A wolf in sheep’s clothing: why Africa should shun carbon markets
Turning Africa into a source of carbon credits will benefit polluters and middlemen, not most Africans and not the planet
As Guyana shows, carbon offsets will not save the Amazon rainforest
With all their flaws, carbon offsets are not the solution to deforestation of the Amazon rainforest – leaders should acknowledge that
World Bank set to take on risk of insuring carbon credits amid market upheaval
As a growing number of developing countries tighten control over carbon markets, MIGA plans to step in to provide political risk insurance and facilitate investments.
Verra boss steps down after criticism of its carbon credits
The carbon credit certifier has both grown rapidly and faced mounting integrity accusations during outgoing CEO’s tenure.
Verra’s revamped forest offset programme comes under fire
Verra picked a controversial carbon credit verifier to review its new forest offset rules and critics say the changes don’t fix the problem
Revealed: How Shell cashed in on dubious carbon offsets from Chinese rice paddies
Shell’s rice farming offset projects are under review. Climate Home found them riddled with accounting loopholes and questionable integrity claims.
Corporations push “insetting” as new offsetting but report claims it is even worse
More companies claim that supply-chain carbon removal is the way forward. But a new report raises concern over the credibility and transparency of insetting.
Despite socialist scepticism, Cuba shows interest in carbon trading
In its national climate plan, Cuba indicated it would like to sell carbon credits on an international market, a concept previously opposed by socialist allies