How a Company Collapse Is Denting Trust in Carbon Markets – Again

This year was supposed to be a turning point for carbon markets, with the United Nations’ long-delayed country-to-country trading system coming into force and airlines preparing to enter a mandatory program to offset their emissions.

But the high-profile collapse of a World Bank-backed clean-cooking company has delivered another blow to confidence in the market, which has been battered by credibility issues for years and, more recently, by a retreat on climate commitments by governments and companies.