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September 12, 2023

Study urges more consistent framework for carbon credit rating agencies

There is currently an absence of a universal and detailed definition for the quality of carbon credits, says the report (Photo: Alex Kraus/Bloomberg)
There is currently an absence of a universal and detailed definition for the quality of carbon credits, says the report (Photo: Alex Kraus/Bloomberg)

Inconsistent approaches by carbon credit raters make comparisons impossible, says a report by environmental consultancy Perspectives Climate Group, which recommends greater oversight

A study of four carbon credit agencies by the Perspective Climate Group has found that “a complete understanding and comparison” of how they arrive at their ratings was “not possible based on the information publicly available”.

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