Following the Russian invasion of Ukraine, there’s been a lot of talk about the return of history. post-1989 assumptions that liberal democracy and open markets were the single models on which most countries would converge now look naïve at best.
As part of their efforts to tackle climate change, businesses are increasingly relying on the buying and selling of credits to offset emissions. This approach was developed at COP26 last year to create new market mechanisms underpinning Article 6 of the Paris Agreement. Amid rising concerns that the lack of transparency and oversight of offsets might lead to greenwashing,…