Trafigura bets on carbon-credit market rebound amid new regulations

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Trafigura bets on carbon-credit market rebound amid new regulations - Business Standard

Quick Summary:

Earlier this month, it announced an agreement to underwrite $500 million for a new carbon credits project to restore the woodlands of Miombo spanning southern and central Africa.

To date, the carbon market has been shaped less by supply-and-demand dynamics that typically steer commodities, and more by policy developments as well as greenwashing shocks.

HSBC Holdings Plc has now shelved plans to build a carbon credits trading and finance desk.