China’s top administrative body has taken a significant step in the realm of environmental governance by issuing comprehensive regulations to oversee its emissions trading system (ETS). These regulations signal a firm commitment to combating climate change and reducing greenhouse gas emissions. One notable aspect of these regulations is the implementation of much stricter sanctions for...Read More

In voluntary carbon markets, buyers (like big companies with emissions) voluntarily purchase and trade in offsets generated from emissions reduction or removal projects elsewhere. And in early 2023 momentum was building for them, but that soon collapsed as evidence of greenwashing grew: forestry programs were significantly overestimating their value. Allegra Dawes at CSIS lays out...Read More