The market for carbon credits is facing a renewed wave of opposition as climate activists deliver a fresh warning to companies and governments not to use such financial instruments to offset their emissions.
Japan this month began a trial trading of carbon credits at the Tokyo Stock Exchange (TSE) as the world's fifth-largest carbon emitter aims to create a nationwide market mechanism to meet its goal of becoming carbon neutral by 2050, reported Reuters.
In a decision criticized as "unfortunate" and even "insane", the United Nations has decided that new coal plants are eligible for carbon credits under the Clean Development Mechanism (CDM).
Oil and gas producers with North Sea operations will benefit from a huge windfall from the sale of surplus EU carbon credits, according to carbon-capture and storage (CCS) project developer CODeepStore
