The Carbon Market's Quest to Overcome Its Last Big Hurdle.

The article discusses the legal uncertainty surrounding carbon credits and its impact on the carbon market. While carbon credits are certificates representing a one-ton drop in greenhouse gas emissions, their legal status as assets is still unclear. This lack of clarity hinders banks and investors from allocating significant funds to carbon credits. Efforts are being made by organizations like the World Bank and Unidroit to establish principles to guide governments globally on this issue. The article emphasizes that resolving the legal uncertainty is crucial for the growth and scalability of the carbon market. [Extracted from the article]