Taking carbon offsets out of the shadows and on to the trading floor
A task force launched by Mark Carney is seeking to bring order to a market criticised for its quality and lack of regulation. Done right, it could inject huge sums into underfunded climate solutions.
Can planting trees in China’s Guizhou province cancel out emissions from natural gas burned for energy in offices and homes across China?
That is the idea behind a deal struck in July by oil major Shell to supply PetroChina with an undisclosed quantity of liquefied natural gas branded “carbon neutral”.
