TOKYO/HOUSTON, U.S. -- Growth in the trading of emissions credits has hit a snag, with the effectiveness of carbon offset projects, such as forest conservation, being called into question and demand for carbon offsets plunging.
As airlines and other major buyers of emissions credits have begun to shun the market, carbon credit futures have fallen 90% from their peak, making it difficult for the financial instrument to play a major role in global decarbonization.
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