'Crazy' carbon offsets market prompts calls for regulation

Only a tiny fraction of carbon-removing projects remove CO₂ from the air, leading to growing skepticism and growing demand for improved oversight.

BY FRANCES SCHWARTZKOPF, BLOOMBERG MERCURY

When Swedish bank SEB AB announced recently that it wanted to buy into the market for carbon credits, what it got was a pile of duds.

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EU's climate legislation is running out of time
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