Opaque Carbon Trade Threatens Climate Progress

Nearly 40% of carbon credits purchased by companies are more than five years old, a Nikkei Asia analysis shows, a trend that experts say threatens progress on cutting greenhouse gas emissions.

Analysis found that 38% of the credits – equivalent to 73 million tonnes of CO2 – were over five years old, while more than 4% were at least 10 years old. Only 37% were three years old or less.

Read the full report: Nikkei Asia

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.