The Wall Street Journal takes a look at the U.N. recently rejecting an increasing number of carbon offset projects as the regulations to allow for these projects to sell carbon credit continues to tighten. The discussion is centered on whether sugar plants, wind farms and other projects that would have been built without financing from the selling credits would actually allow credit buyers to fulfill their obligation to reduce emissions.

ClimateBiz reports that Merrill Lynch is launching Merrill Lynch Green and Gold, a carbon offset service that will enable companies to develop and manage climate related strategies. Supported by ICF International, the service is aimed at companies in the Americas, Asia and Europe who wish to reduce emissions with voluntary offsets.

AIG has announced that it completed $4 million in funding for carbon sequestering or reduction projects in the United States and China. Once complete, the projects will produce 620,000 metric tons of carbon offsets, which equal the amount of carbon attributed to AIG’s global operations in 2006.

Tags: Carbon Credits, offsets, Regulations

This entry was posted on Thursday, April 24th, 2008 at 3:35 pm and is filed under Carbon Credits, Government Regulation, Green Energy, Greenhouse Gases. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.