A Tiny Fraction of Carbon Projects Are High Quality, MSCI Says
- Study is latest blow for voluntary carbon-credit market
- The MSCI review covered more than 4,000 projects globally
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Just 5% of more than 4,000 projects in the global carbon-credit market are considered high quality, according to an analysis by MSCI Inc.
The findings are the latest blow to the voluntary carbon-credit market, which has struggled amid revelations of offerings that fail to deliver promised emission reductions. In July, the Science Based Targets initiative, the world’s top arbiter of corporate climate goals, said a review that it conducted found most credits “ineffective.”