Benjamin Elgin News Today

(Bloomberg) -- Now isn’t the time to be betting on a boom in the market for carbon credits, according to the head of climate research at commodities hedge fund firm Andurand Capital Management.Most Read from BloombergTikTok to Remove Executive Tasked With Fending Off US ClaimsElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an Alternative...

(Bloomberg) -- Zimbabwe’s Environment Minister said the operators of a project generating carbon credits from an area almost the size of Puerto Rico will have to give the government half its revenue if the initiative is to survive. The 785,000 hectare (1.94 million acre) Kariba forestry project, operated in part by South Pole, the world’s leading seller of offsets, will need to comply with rules announced Tuesday governing the sector including the flow of money due to the state, said Mangali...