Forestry-backed carbon credit trading faces hurdles in Asia despite COP26 … – Yahoo Finance

“The fundamentals and the motivations appear to be in the right place.

As of 2019, voluntary carbon markets had generated nearly US$1.4 billion in demand for forest carbon offsets, according to Ecosystem Marketplace.

“Hong Kong can play an important role, not just in carbon, but in the whole space of financing biodiversity and conservation.

This article originally appeared in the South China Morning Post , the most authoritative voice reporting on China and Asia for more than a century.

Its share is expected to grow in excess of 40% by 2040, as new technologies are developed for wind and solar energy production.

In the six years since the Paris agreement, the climate crisis has rapidly accelerated.

NEW YORK — Brittany Brown and her friends were finishing an outdoor dinner in Chelsea recently when, from the corner of her eye, she thought she saw something move near the edge of their table.

— Most Read from BloombergWhere Did All the Public Bathrooms Go?What It Means to Design a Space for ‘Care’The Rising Pacific Forces a Native Village to Move.

Once largely submerged beneath the Pacific Ocean, Chile’s Atacama desert is now the perfect preservation site for its ancient remains.

Large fires blaze near a petrol station following a massive explosion in Sierra Leone’s capital Freetown that has reportedly killed 92 people.

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