Vanguard’s sudden exit from the Net Zero Asset Managers (NZAM) initiative appears to be behind a sharp drop in the price of carbon credit futures. The Nature-Based Global Emissions Offset (N-GEO) futures contract fell to an all-time low of close to $3 per tonne on Wednesday, down some 40% on the week and 80% below the all-time high early in 2022.
ESG investment backlash hits nature-based carbon credit prices
ESG investment backlash hits nature-based…
ESG investment backlash hits nature-based carbon credit prices
Vanguard’s sudden exit from the Net Zero Asset Managers (NZAM) initiative appears to be behind a sharp drop in the price of carbon credit futures. The Nature-Based Global Emissions Offset (N-GEO) futures contract fell to an all-time low of close to $3 per tonne on Wednesday, down some 40% on the week and 80% below the all-time high early in 2022.