May 3, 2023

Day

The carbon offset market has existed for 25 years, and experts say there are still fundamental problems in its structure. Some question the underlying concepts, and refuse to consider it a tool for climate action. Part of the issue is that transparency is low. Buyers and sellers of carbon offsets often never meet and are...
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Guyana has put nearly all the forests in the country on the carbon market, allowing it to sign a carbon credit deal with petroleum company Hess Corporation worth $750 million, with 15% of funds going to Indigenous communities. However, some climate experts have questioned how ART, the independent carbon credit issuer, calculates the emissions reductions...
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