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London-based carbon credit ratings startup BeZero Carbon said it had raised $32 million, with proceeds aimed at enabling the company to expand into new markets, and to grow its capabilities and its team. The funds will allow us to sustain our pace of innovation and expand our ratings coverage to compliance carbon markets.
This is generally a voluntarily self-imposed deadline, usually decades away, by which the institution’s emissions will not necessarily actually reduce to zero, but rather by which they will at least be ostensibly canceled out by carbonoffsets. RELATED: Corporate climate standards are falling short. In the U.S.,
Then, September broke its previous monthly heat record by half a degree Celsius — a margin so stunning that Zeke Hausfather, a climatescientist, declared it “ absolutely gobsmackingly bananas.” Carbonoffsets are ‘riddled with fraud.’ Solving credibility issues may require a greater overhaul of carbon markets.
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