US Treasury secretary calls on business to prioritise emissions cuts as voluntary markets draw fire. US Treasury Secretary Janet Yellen is set to urge companies to prioritize direct emissions reductions rather than relying on carbon credits as a primary strategy for combating climate change. Her remarks, scheduled for Tuesday, will accompany the unveiling of new...Read More

Shell implicated in trading non-existent carbon credits, undermining carbon market integrity and raising questions about carbon capture’s role in climate mitigation. Shell, the oil and gas giant, has been involved in a controversy involving the registration of so-called ‘phantom’ carbon credits. These credits, tied to CO2 removal, were reported to be double-counted, leading to confusion...Read More