Inside the billion-dollar market for junk carbon offsets
It is a $2 billion unregulated global market. A major reseller of carbon offsets, EKI went from $10 M to $1 B valuation in a year. 95% of the offsets it sells are tied to wind and solar projects, which are profitable even without them. Many “offset-verifying” companies have stopped approving such offsets, but new companies that “verify” them sprung up.

21 November 2022

Bloomberg