Governments and bourses are warming to working with voluntary carbon markets to help meet their decarbonisation agendas, but are also grappling with integrity controls in a sector known to harbour black sheep.
As money pours into nature-based projects to store carbon as governments and companies pursue net-zero targets, efforts to conserve animal and plant species risk being sidelined.
With the Indonesian government refusing to renew a three-year ban on issuing licenses for new oil palm plantations, experts are warning of a deforestation free-for-all.
The Indonesian government says the decision is made after thorough consultations and cites lack of progress in the payment by Norway as one of the reasons for the termination.