The voluntary carbon market (VCM) is grappling with opposing forces: the need to ensure quality as the market grows larger and more complex. At a high level, the influx of resources into the market over the past few years is a positive signal for global efforts to mitigate climate change. But quality concerns have dogged […]
In recent weeks, criticisms of the climate integrity of various types of carbon credits have surfaced in mainstream media, capturing the attention of many stakeholders. As a result, organizations looking to supplement their emissions reduction efforts by financing carbon credit projects are increasingly aware of the reputational risks associated with projects that may have less […]
The voluntary market (VCM) experienced heightened volatility in 2022, with an early, rapid price surge and plateau, followed by periods of recalibration. Despite this, there were numerous indications of healthy market growth, including the development of highly anticipated preliminary guidance on carbon credit quality and claims, increased focus on transparency and liquidity, and potential convergence […]
Recorded March 2nd, 2023 The lasting mitigation of carbon is critical for keeping emissions within the temperature goals set in the Paris Agreement. Backed by the IPCC, Science Based Target Initiative, and the United Nations’ Race to Zero Campaign, carbon removals pose a huge opportunity to meet the crucial 1.5 degrees or less global warming […]
The EU has set its sights on carbon removal projects. Developing local carbon sequestration capacity and market trust through harmonisation and transparency is the central aim of the Proposal for Establishing a Union Certification Framework for Carbon Removals recently adopted by the European Commission (EC). This shouldn’t come as a surprise considering EC’s rollout of […]
Maggie Lund, policy manager on the Carbon Markets and Corporate Carbon Strategies team explores recent trends and initiatives in the Voluntary Carbon Markets that aim to ensure quality carbon credit supply and credible corporate environmental claims. Review our findings below: Watch the video
3Degrees' Director of Carbon Markets, Stephanie Harris, breaks down the recent surge in the voluntary carbon market and what to expect in 2022.
