COMMENT: Without removals, no net-zero economy
Instead of a Carbon Central Bank approach, a functioning, future-oriented carbon market can address the challenges of liquidity constraints and residual emissions as the EU ETS cap approaches zero, writes Marcus Ferdinand of Veyt.
Read MoreCOMMENT: Four reasons why “nationalisation risk” is not so risky
Governments’ recent declarations to exercise more control over carbon market activities in their jurisdictions are far less an example of “nationalisation risk” than a case of a maturing market where countries are making an understandable and arguably inevitable assertion of sovereignty over their natural resources, writes Verra’s Robin Rix.
Read MoreECOSYSTEM MARKETPLACE: “Carbon cowboy” pieces get clicks, but at the risk of ignoring what indigenous communities are actually saying
The climate finance space is at risk. Confronted with an onslaught of agenda-driven media coverage aiming to discredit one of the largest sources of funding available for forest protection, mechanisms like REDD+ and voluntary carbon markets could be unfairly discredited to the point of losing momentum and support at a critical time for climate action. REDD+ credits, specifically projects financed through the Voluntary Carbon Market (VCM), have faced increasing criticism in the media over the past year.
Read MoreCOMMENT: Viridios AI analysis reveals voluntary carbon price drivers
It’s been a rollercoaster ride for carbon markets over the past 12 months, with policy changes and ongoing scrutiny seeing some of the most historically stable voluntary carbon credits facing price pressure. The latest analysis from Viridios’ AI-powered carbon credit pricing platform VAI shows that despite some negative market sentiment certain methodologies and geographies continue to trade at a premium.
Read MoreCOMMENT: Four key considerations for businesses buying carbon credits
Businesses are increasingly aiming to incorporate Natural Climate Solutions (NCS) into their climate plans to fulfil their climate and nature commitments. Jennicca Gordon of the Natural Climate Solutions Alliance outlines how they can ensure the integrity of the credits they purchase and communicate their efforts effectively.
Read MoreCOMMENT: Human rights due diligence and the role of carbon offsetting
The problem with carbon offsetting as a means for companies to bear responsibility for their emissions is not the concept itself, but its current implementation. Rather than limiting the use of carbon offsetting by banning terms like “carbon neutral”, policymakers should drive forward reforms to improve the quality of the carbon market, writes Lasse Leipola of Finnwatch.
Read MoreCOMMENT: Communication is key – four ways carbon projects can better engage with Indigenous people
Developers need to embed Indigenous leadership into projects in a way that is not fundamentally disempowering, and for this there must be lasting, genuine interactions between project developers and people on the ground, writes Isack Bryson of Carbon Tanzania.
Read MoreCOMMENT: Carbon isn’t just another commodity market
Behind all the noise, opinions, and stakeholders, lies one meta debate in the voluntary carbon market: Tommy Ricketts of BeZero Carbon asks what financial market structure should it ape?
Read MoreCOMMENT: Emissions trading – the market is overlooking UK cap reforms
The UK ETS is instrumental in achieving the country’s net zero emissions goals and enhancing opportunities for carbon investors, but the British government’s commitment to implementing reforms necessary for a robust carbon market has been overlooked amid the mainstream media’s focus on the lack of green industry incentives, write Ruben Lubowski and Callum Lee, Lombard Odier Investment Managers.
Read MoreCOMMENT: Four things holding back the voluntary carbon market
On March 29th, a group of climate leaders including Zeke Hausfather of Stripe, Alicia Seiger of Stanford, Elizabeth Sturcken of Environmental Defense Fund, Zack Parisa of NCX, and moderator, Shyla Raghav from CO2 – TIME gathered in NCX’s “Treehouse” in San Francisco to discuss and debate the challenges facing nature-based solutions, and the voluntary carbon market. Here are a few takeaways from their discussion.
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