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27 Sep
18:27

Carbon offset market needs massive boost: BofA

The global carbon offsets system is currently just a fraction of the size needed to address the nearly 50 gigatons released per year, according to a Bank of America report.  Current emissions trading systems and carbon taxes only cover a combined total of 12 gigatons, or about 25% of global greenhouse gas emissions.  “Although many governments around the world have aspired to reach net zero emissions during the 2050-60 timeframe, current policies …
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