https://newsletter.mw.creamermedia.com
Paper|PROJECT|Projects|SECURITY
Paper|PROJECT|Projects|SECURITY
paper|project|projects|security

NO CREDIT

NO CREDIT: Several major carbon traders are finding that offsets they bought may now be valueless, Bloomberg reports. A carbon credit is a paper security representing one ton of carbon dioxide reduced or removed from the atmosphere, generated by projects like wind farms or planting trees and preventing deforestation, such as is the case with the Gabon forests pictured. Recently Trafigura Group, which is the world’s largest trader of carbon-removal credits, suspended a consignment as it awaited the results of a probe into the forestry project behind the units. It’s reportedly the latest in a string of cases in which traders handling carbon credits are having to treat such assets as stranded. Photograph: Bloomberg

Photo by Bloomberg

8th September 2023

     

Font size: - +

Several major carbon traders are finding that offsets they bought may now be valueless, Bloomberg reports. A carbon credit is a paper security representing one ton of carbon dioxide reduced or removed from the atmosphere, generated by projects like wind farms or planting trees and preventing deforestation, such as is the case with the Gabon forests pictured. Recently Trafigura Group, which is the world’s largest trader of carbon-removal credits, suspended a consignment as it awaited the results of a probe into the forestry project behind the units. It’s reportedly the latest in a string of cases in which traders handling carbon credits are having to treat such assets as stranded. Photograph: Bloomberg

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest Multimedia

Showroom

Trotech
Trotech

Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.

VISIT SHOWROOM 
Kriel Occupational Health Centre
Kriel Occupational Health Centre

Occupational health services, mobile clinics, wellness campaigns, aviation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Exxaro CEO Ben Magara.
Exxaro’s manganese entry points advance
29th January 2026 By: Martin Creamer
Ricards Bay Coal terminal chairperson Nosipho Damasane.
Transnet, Richards Bay Coal Terminal to establish project office
27th January 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.188 0.292s - 130pq - 2rq
Subscribe Now