New research from the Science Based Targets initiative (SBTi) has found that carbon credits are mostly ‘ineffective’ at delivering meaningful climate goals. Furthermore, use of these financial instruments could stall decarbonisation efforts and reduce the flow of climate finance. Bloomberg covers the story.
New fund labels intended to tackle greenwashing in the UK’s finance sector have been brought into effect this week. Asset managers will be required to provide ‘clear, complete’ information about the sustainability goals of funds, and choose from one of four specific fund labels. Edie covers the story.
