Value Of Carbon Offsets Falls By 61%
Posted On
June 05, 2024
The market for carbon offsets, which had grown to nearly $2 billion in 2022, plummeted by 61% to $723 million in 2023. The decline occurred after a number of scientific and media assessments showed that many offsetting schemes do not help mitigate climate change or biodiversity loss.
PHOTO © USFS & KELLY BRIDGES
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