(Bloomberg) Now isn’t the time to be betting on a boom in the market for carbon credits, according to the head of climate research at commodities hedge fund firm Andurand Capital Management.Most Read from BloombergTikTok to Remove Executive Tasked With Fending Off US ClaimsElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an AlternativeTrump Has Only $6.8 M
The climate targets verification group that announced a plan this week to allow companies to offset greenhouse gas emissions from their supply chain with carbon credits came under new pressure on Thursday to drop the policy. A group of 21 technical advisers asked the board of trustees of the Science Based Targets initiative (SBTi) in a letter seen by Reuters "to retract this decision immediately" because it was made without their advice. On Tuesday, the SBTi said it would accept "environmental a
Upstream and downstream activities that indirectly impact a company’s Scope 3 emissions may be difficult to measure, but a collaborative investment between stakeholders will help improve environmental impacts long-term, Brian Nash, vice president of corporate sustainability at Ingredion Incorporated, told FoodNavigator-USA.