Companies Buy Cheap Carbon Offsets
This is a Baku news story, published by Yahoo Finance, that relates primarily to COP29 news.
Baku news
For more Baku news, you can click here:
more Baku newsCOP29 news
For more COP29 news, you can click here:
more COP29 newsclimate change news
For more climate change news, you can click here:
more climate change newsYahoo Finance news
For more news from Yahoo Finance, you can click here:
more news from Yahoo FinanceAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best science news, business news, entertainment news, and much more. If you like climate change news, you might also like this article about
effective voluntary carbon markets. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest carbon markets news, voluntary carbon offsets news, climate change news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
voluntary carbon marketsThe Conversation
•Companies are buying up cheap carbon offsets − data suggest it may be more about greenwashing than helping the climate
88% Informative
Companies are buying up cheap carbon offsets data suggest it may be more about greenwashing than helping the climate.
Carbon offsets have become big business as more companies make promises to protect the climate but can't meet the goals on their own.
Morgan Stanley in 2023 forecast that the voluntary carbon market would grow to about US$100 billion by 2030 and to $250 billion by 2050 .
Article 6 and standards for carbon offsets are on the agenda for the 2024 United Nations climate conference, COP29 , in Baku , Azerbaijan .
With many segments of voluntary carbon markets faltering, the COP29 summit may be a make-or-break moment for voluntary carbon offsets to become a viable contributor to decarbonization.
VR Score
90
Informative language
91
Neutral language
36
Article tone
informal
Language
English
Language complexity
65
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
External references
24
Source diversity
17
Affiliate links
no affiliate links