The value of the voluntary carbon market (VCM) could approach $1 trillion as soon as 2037 if stakeholders adopt more rigorous quality standards and put a greater emphasis on carbon removal, analysts said in a report published Monday that stated such developments would solidify market confidence, lift prices, and drive demand.
Voluntary carbon market could reach $1 trillion valuation under right rules, say analysts
The value of the voluntary carbon market (VCM) could approach $1 trillion as soon as 2037 if stakeholders adopt more rigorous quality standards and put a greater emphasis on carbon removal, analysts said in a report published Monday that stated such developments would solidify market confidence, lift prices, and drive demand.
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