Voluntary carbon markets and forest carbon credits have faced widespread criticism that reached a zenith in 2023. Media reports detailed concerns about their dubious climate benefits, respect for communities and land rights, and their use by Global North companies to avoid the difficult task of decarbonizing their operations. Supporters of forest conservation strategies like REDD+...Read More

At COP28 in Dubai, banks like Goldman Sachs, Citigroup, JPMorgan Chase, and Barclays are gearing up for a surge in carbon offset deals. They aim to finance carbon sequestration projects, trade credits, and aid firms in buying offsets. This move supports smaller projects in emerging markets lacking financial backing. Sonia Battikh from Citi highlights the...Read More