Inside the problem of carbon offsets market

LONDON: When the biggest funders and promoters of the US$2bil carbon offsets market assembled in London last month, the gathering was billed as a series of technical discussions on subjects such as emissions accounting.

But, at least to some attendees, there also appeared to be another motive: to make a case for why the Science Based Targets initiative (STBi), the biggest and most-respected verifier of corporate climate targets, is the primary impediment to the growth of a market that advocates deem critical in the fight against climate change.