Carbon credits

Alliance stresses need to prioritise decarbonisation, maintains ban on direct use of offsets by members.

Many large companies are relying on carbon credits to meet their net-zero goals. Amid limited transparency, some investors want to know more. Mark Nicholls reports

Regional GFANZ chapter will also work on policy initiative and 'voluntary guidance' on transition strategies.

Separately, a methodology for coal phase-out 'transition credits' is set to be released at COP28.

The updated framework is billed as the first international agreement to define the climate responsibility of companies.

The code is open for market feedback until next week.

Investor guidance for portfolio decarbonisation is set to follow.