Trade news > Global initiative aims to bring transparency to voluntary carbon markets
Global initiative aims to bring transparency to voluntary carbon markets
Susanna Twidale | Reuters
A global initiative was launched on Thursday to bring transparency and rigour to the voluntary carbon market that is expected to grow rapidly over the next few years as countries and companies strive to meet climate targets.
Offsets, generated through emission reductions such as planting trees or switching to less polluting fuels, currently trade in a voluntary market, often on a project-by-project basis with different standards and approaches.
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