Carbon markets are set to explode on the world stage. And while they are relatively small compared to regulatory compliance markets, voluntary markets are growing fast. Are they an effective way for companies—and the world—to achieve net zero emissions? The jury is out, with strong voices arguing for and against.
Russia’s invasion of Ukraine combined with the geopolitical instability it caused made 2022 a great year to be an oil major. But while most oil producers across the globe reaped profits, Mexico’s state-owned oil company Pemex struggled financially and enters 2023 with questions about its long-term viability hanging over it.