Carbon markets rocked by Kariba scandal
Swiss carbon credit asset developer South Pole has confirmed that it has terminated its contract with Carbon Green Investments (CGI), the owner and developer of the Kariba REDD+ project, with immediate effect.
Verra
Misled concern for climate technology as carbon markets in crisis
In this weekly roundup, we explore the latest trends and developments in sustainable investment and finance.
Norway’s $1.4 trillion wealth fund advises against carbon offsets for climate goals
Norway’s sovereign wealth fund, the global stock market’s largest asset owner has said companies should prioritise operational and value chain emissions reduction to reach interim CO2 goals, and raised concern about the use of carbon credits.
Verra launches latest version of its Verified Carbon Standard
Verra, the world-leading carbon standards organisation and issuer of verified credits, has released the latest version of its Verified Carbon Standard.
Verra’s founding chief executive steps down
Verra, a major certification body for the voluntary carbon markets, has announced that its founding chief executive is stepping down.
‘Blood Carbon’ campaign takes on land-grabbing offset project
Survival International, a global human rights organisation, has launched its ‘Blood Carbon’ campaign against the sale of carbon credits generated in protected areas.
Top ten stories in sustainable growth – week in review
Greenwash dominated the online discourse this week, as stakeholders become increasingly concerned about the lack of transparency in many corporate commitments, and the lack of clarity on how to achieve sustainability goals.
The truth behind carbon offsetting
The voluntary carbon markets are experiencing growing pains as increasingly challenging questions are being asked about integrity and additionality. Mauro Cozzi, co-founder and chief executive of AI-driven carbon management and reporting company Emitwise, takes a closer look at what's going on.
Verra appoints new president to steer improvement drive
Verra, a major provider of standards and registry for carbon offsets, has appointed Judith Simon as its new president in the wake of a credibility scandal.
Top ten most read – week in review
One of the big discussions this week was around the fact that the UK tax regimes are driving fossil fuel companies to invest further in oil and gas rather than the transition. This was driven by news that BP has massively increased its profits and changed its transition strategy (number 5 in this week’s top story update).