Modest price reaction to forestry credit criticism - but market effect may be longer lived

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Guardian article had a bearish price impact, 6.96% down on CBL's NGO contract and 5.08% down on Platts CNC contract. Although criticism is not new, we expect market participants to remain cautious, weighing on prices and a probable shift towards projects such as afforestation/reforestation, blue carbon, household devices, and removals technologies.

The Guardian's article reawakens suspicions about projects' baselines

The bearish trend of nature-based contracts is notable, but not as prominent after the article calling "carbon credits worthless" published by The Guardian on 20 January.

The Guardian, together with Die Zeit and SourceMaterial, held an investigation to analyze...