Businesses and experts reveal plans for carbon offset regulator theguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theguardian.com Daily Mail and Mail on Sunday newspapers.
Task force sets out steps to revive ailing offset market Critics demand transparency and a grievance process Backers say offsets crucial to meet surge of net-zero goals
By Laurie Goering
LONDON, July 8 (Thomson Reuters Foundation) - Reshaping patchy and largely ineffective carbon offset markets with much tougher standards will be key to helping companies and countries meet a recent avalanche of net-zero emissions commitments, climate finance analysts said on Thursday.
Offsets could play a major role in protecting nature and biodiversity in tropical countries where it is fast disappearing and could provide an alternative income for those now earning a living from destructive jobs like logging, backers said.
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LONDON (Thomson Reuters Foundation) - Reshaping patchy and largely ineffective carbon offset markets with much tougher standards will be key to helping companies and countries meet a recent avalanche of net-zero emissions commitments, climate finance analysts said on Thursday.
Offsets could play a major role in protecting nature and biodiversity in tropical countries where it is fast disappearing and could provide an alternative income for those now earning a living from destructive jobs like logging, backers said.
Making offset markets work will be “essential” to hold global warming to 1.5 degrees Celsius above preindustrial times, the more ambitious goal of the Paris Agreement, said Mark Carney, U.N. special envoy for climate action and finance.
Critics and backers urge tough rules to revive ailing carbon offset markets straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.