The European Commission is considering counting international carbon credits towards its next climate target, a move that could weaken the CO2-cutting efforts it demands from domestic industries, sources familiar with the matter told Reuters. The idea is among options being …
Marsh, the insurance broker and business of Marsh McLennan, has partnered with We2Sure, a specialist in insurance and risk management solutions for carbon credit certificates, to launch a new insurance facility to help organizations in the UK, EU, and US …
German authorities have rejected €18 million ($20 million) worth of carbon credits after finding “irregularities” in China-based projects that were meant to lower emissions. The initiatives, which were run by big international corporations and audited by European firms, allowed German …
Nearly a third of existing carbon credits have failed to meet criteria for a new standard that aims to serve as the global benchmark for the voluntary carbon market, its board said on Tuesday. In the voluntary market, companies can …
General Motors will pay a $145.8 million penalty and forfeit credits worth hundreds of millions of dollars after a U.S. government investigation found excess emissions from approximately 5.9 million GM vehicles, government agencies said on Wednesday. The Environmental Protection Agency …
Howden, the London-based insurance intermediary group, announced the placement of the first carbon credits warranty and indemnity (W&I) insurance policy. The W&I policy provided insurance cover on the sale of carbon credits for the reafforestation project of degraded forest lands …
The Biden administration unveiled a framework for using carbon offsets to drive climate progress, with principles it says are meant to help ensure the trading regimes deliver real emissions reductions — not a green mirage. The documents released Tuesday by …
Data fraud, questionable accounting practices and intensified catastrophes are just some of the issues that have battered the voluntary carbon market. Those misfortunes have helped spur a new line of business: Insurance policies designed to de-risk credits that polluters buy …
The US Commodity Futures Trading Commission expects to finalize its guidance for carbon credits within the next six months, as it pursues a broader crackdown of fraud and manipulation in the embattled market. CFTC Commissioner Christy Goldsmith Romero said she …
Specialty insurer CFC announced its entry in the carbon insurance market with the launch of a groundbreaking new product. CFC said its new carbon delivery insurance is the first to cover both the physical and political risks faced by businesses …
