UN Task Force Rejects Carbon Credits as Emission Reduction Tool

A United Nations task force is opposing the idea that companies use carbon credits and offsets outside government-regulated emissions markets to claim emissions reductions, according to a draft document seen by the Financial Times. As many companies, including the biggest oil and gas producers and technology giants, are vowing to slash emissions and emission intensity, some of them have turned to the multi-million carbon credits market to offset their own emissions.   The UN, however, doesn’t believe that these carbon offsets should…