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Global leaders to Wall Street are betting the struggle toward net-zero targets will reignite the troubled trade in carbon offsets. From a five-storey high wooden watchtower, workers at one of the world’s largest carbon offsets projects can see in all directions: across grasslands studded with thick clusters of reeds and toward a towering canopy of...
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The global carbon credit market in 2024 remained stagnant, valued at around US$1.4 billion, per MSCI report. Demand for carbon credits—measured by the number of credits “retired” or permanently used—did not grow significantly. Carbon prices, meanwhile, continued to fall. However, the market is showing signs of potential growth. With more companies committing to ambitious climate goals...
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