The UN has outlined its opposition to companies using credits to cancel out their carbon dioxide footprint, putting it on a collision course with big oil and technology groups.
A draft document seen by the Financial Times and drawn up by a task force convened by UN secretary-general António Guterres says groups should not use carbon credits to offset emissions outside of state-regulated schemes.
The UN believes companies should invest in ways to curb their own emissions rather than relying on the multimillion-dollar carbon trading market.
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