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Sustainable BusinessCarbon offsets gird for lift-off as big money gets close to nature
Susanna TwidaleShadia Nasralla
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Chris Pryor, director of forest stewardship at New England Forestry Foundation, looks at marked trees in the Hersey Mountain Wilderness in New Hampton, New Hampshire, U.S., December 4, 2020. REUTERS/Elizabeth Frantz
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An expected dash by big corporations for offsets to meet their climate targets has prompted financial exchanges to launch carbon futures contracts to capitalise on what could be a multi-billion dollar market.
It s a step change. Carbon offsets, generated by emissions reduction projects, such as tree planting or shifts to less polluting fuels, have struggled for years to gain credibility, but as climate action has become urgent, their market is expected to grow to as much as $50 billion by 2030. read more
Guangzhou exchange kicks off, offering a hedge for carbon emissions trading in China s 2060 climate change goal
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April 20, 2021, 2:30 AM·4 min read
The exchange, officially opened on Monday by Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC) in the Nansha district of the Guangdong provincial capital. The exchange is the fifth financial market place in China for trading futures. The CSRC will lead the Guangzhou Futures Exchange to develop products, systems, and innovative technology to establish a futures market that can serve the real economy and green development, according to an article in the state-owned
Guangzhou Daily newspaper, posted on the Guangzhou government s website, adding that carbon emissions futures, climate-related products and commodities index futures would be considered.
Sustainable BusinessCarbon offsets gird for lift-off as big money gets close to nature
Susanna TwidaleShadia Nasralla
1/2
Chris Pryor, director of forest stewardship at New England Forestry Foundation, looks at marked trees in the Hersey Mountain Wilderness in New Hampton, New Hampshire, U.S., December 4, 2020. REUTERS/Elizabeth Frantz
Read More
An expected dash by big corporations for offsets to meet their climate targets has prompted financial exchanges to launch carbon futures contracts to capitalise on what could be a multi-billion dollar market.
It s a step change. Carbon offsets, generated by emissions reduction projects, such as tree planting or shifts to less polluting fuels, have struggled for years to gain credibility, but as climate action has become urgent, their market is expected to grow to as much as $50 billion by 2030. read more
First carbon offset futures contracts to launch within weeks Over-the-counter market is unregulated, small, opaque Critics fear race to bottom For factbox on carbon offsets, please click on
LONDON, Feb 25 (Reuters) - An expected dash by big corporations for offsets to meet their climate targets has prompted financial exchanges to launch carbon futures contracts to capitalise on what could be a multi-billion dollar market.
It’s a step change. Carbon offsets, generated by emissions reduction projects, such as tree planting or shifts to less polluting fuels, have struggled for years to gain credibility, but as climate action has become urgent, their market is expected to grow to as much as $50 billion by 2030.