Investors Dismayed as ‘Surreal’ CO2 Credit Plan Moves Ahead (1)

Investors in carbon offsets are sounding the alarm as millions of tainted units look set to enter the market.

A plan by a Belarusian trade group to sell 2 million Russian carbon credits from a defunct United Nations program has been slammed by climate experts and trading veterans. The worry now is that such products — known as emissions reduction units, which are notorious among analysts for their failure to actually offset emissions — will end up contaminating the market and ultimately find a buyer.

Pablo Fernandez, chief executive officer of Ecosecurities, a Switzerland-based project developer and investor, says he ...