Letter on carbon: Credit risk
The US government has joined an increasingly desperate global push to restore confidence in the voluntary carbon market
The need to restore confidence in the voluntary carbon market is becoming more pressing by the day. Lingering doubts over the creditability of offsets threaten to undermine the potential of a market that has long been earmarked as a key channel for climate finance and a driver of emission reductions. Issuances of carbon credits in 2023 fell for the second consecutive year, according to the World Bank’s latest report on the state and trends of carbon pricing. The two largest project categories—renewable energy and emission avoidance projects in forestry and land use—both faced a near 50% drop in issuances. Concerns over the integrity of credits have hit avoided deforestation projects particul
![](/images/white-fade.png)
Also in this section
21 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries
18 July 2024
Platform developed at Scottish university uses advanced simulations and machine learning to find most cost-effective and sustainable combinations of materials for use in carbon capture
18 July 2024
Stockholm Exergi agrees to one of world’s largest deployments of CO₂ liquefication technology to enable transport of emissions captured from biomass power plant
11 July 2024
Watkins will leverage her financial acumen and strategic insight to lead Gulf’s commercial initiatives across media, events, and market intelligence