City of London wants to clean up the world

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An international market in carbon offsets sounds promising but requires common standards. Fake forest fraud can be an issue too.

Elisa Martinuzzi and Marcus Ashworth

 

Part of British PM Boris Johnson’s blueprint to fight the climate emergency is to explore the creation of a London-based international market in carbon offsets, carbon credits and derivatives linked to emissions-cutting investments.

Published5 hours ago

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Britain believes it has chosen the ideal moment to throw its weight behind a financial innovation that might help save the world.

As part of Prime Minister Boris Johnson’s blueprint to fight the climate emergency, the country is exploring the creation of a London-based international market in carbon offsets, carbon credits and derivatives linked to emissions-cutting investments.

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