A number of major carbon traders are finding that offsets they bought may now be valueless. Trafigura Group, the world’s largest trader of carbon removal credits, has suspended a consignment as it awaits the results of an investigation into the forestry project behind the units. The situation has led the company to replace the offsets...Read More

Three months after causing turbulence in the $2 billion carbon credit market by abruptly canceling projects and claiming half of proceeds, Zimbabwe has announced a more conciliatory stance. The country now plans to accept a smaller portion of revenue and has initiated the process of reinstating scrapped projects. In the revised regulations released recently, the...Read More