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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. ....
8 Min Read LONDON (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. FILE PHOTO: 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 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. ....
Carbon offsets gird for lift-off as big money gets close to nature globalbankingandfinance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalbankingandfinance.com Daily Mail and Mail on Sunday newspapers.
Thu, 25th Feb 2021 13:23 (Repeats to add code. No change to text) First carbon offset futures contracts to launch within weeks Critics fear race to bottom For factbox on carbon offsets, please click on By Susanna Twidale and Shadia Nasralla 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, ....