Wildlife Works Carbon LLC, a U.S.- based business selling carbon credits in the voluntary market generated by forest conservation, plans to expand fivefold the biodiversity-rich areas it protects in Kenya.
When Restoration Hardware recently delivered to millions of doorsteps its biggest-ever annual catalog—13 different “source books,” as it calls them, shrink-wrapped into a 3,300-page, 17-pound bundle—the company took pains to assure the public that the environment was being protected, as Bloomberg Businessweek reported.
CGN Wind Energy Ltd. plans to introduce China’s first structured notes linked to the price of carbon offsets in a move that may increase participation in the country’s fledgling emissions-trading market.
Supply of United Nations carbon offsets, known as Certified Emission Reductions or CERs, may jump 95 percent in November to the highest total since the mechanism began, according to UN data compiled by Bloomberg.
The European Union should ban the use of United Nations-approved carbon offsets from its emissions-trading system, or ETS, by 2020, an environmental group said in a submission to the European Commission.
Bloomberg New Energy Finance reduced its forecast for the supply of carbon offsets this year to 85 million metric tons from 105 million tons after the regulators of the United Nations program boosted scrutiny.