Many of the technologies needed to decarbonise industry already exist. According to McKinsey, if technologies such as carbon capture and heat pumps were deployed at scale, it is estimated they could reduce up to 90% of global greenhouse gas emissions. Bloomberg covers the story.
The definition of what, exactly, is a carbon credit has puzzled law makers behind financial markets for decades and now threatens to hamper their effective rollout. Until this is agreed, banks and investors are unlikely to allocate anywhere near enough in funds to enable companies to offset emissions effectively. Bloomberg covers the story.
