From carbon credits to climate apis How are carbon offsets supposed to work Banks are employing various strategies like carbon offsets and sustainable aviation fuel to address these emissions, amid growing emphasis on sustainability in business travel.
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Six of the largest banks in the united states have vowed to align their lending portfolios with the goals of the paris agreement
These massive lines of credit are laden with investments in carbon.
The chief of south pole, the world’s largest seller of carbon offsets, resigned amid greenwashing allegations, prompting a reevaluation Balancing speed and understanding market norms will be crucial for wall street’s success in this evolving voluntary carbon market (vcm). Will banks help or harm the carbon offset market But some say it is too early for such intervention, arguing that profits still need to go into developing technologies.
Big polluters and their financial backers — from oil and gas companies to big ag and wall street banks — want to continue destroying the climate while paying farmers, foresters, and others to ostensibly offset their greenhouse gas emissions through “trapping carbon” in soil and trees They then plan on establishing markets to trade that carbon But how exactly do these markets work.
