News Snapshot:
Quick Summary AI Powered LONDON/NEW YORK : International Finance Corp (IFC), a World Bank affiliate, told Reuters on Wednesday it is backing a blockchain-enabled platform to trade carbon offsets, aiming to attract more support from institutional investors for climate-friendly projects in emerging markets. The IFC's fund has identified 250,000-300,000 tonnes of credits that can be bought by year-end and is conducting due diligence on projects that represent around 1 million tonnes of credits that could be available in the next few months. These credits are used by companies and organisations to offset emissions when accounting for their carbon footprint.
