Bill Spindle of Cipher reports on the challenges of carbon markets.
- Carbon markets can be a key solution in addressing climate change, but have lately come under scrutiny.
- A majority of the world’s largest carbon markets have been found to “likely be junk” and have failed to deliver the environmental progress that they promised.
- Fixing voluntary carbon markets will require increased monitoring, evaluation and measurement.
“As COP28 approaches, the industry is attempting a major reboot. After years of intense activity by dozens of study groups and implementation committees, the carbon trading industry has launched fresh initiatives to raise the quality of offsets and codify what claims buyers can credibly make after purchasing them.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
