The Voluntary Carbon Market (VCM) is at a major turning point.
That’s the argument of the newly released report: ‘The Voluntary Carbon Market: Climate Finance at an Inflection Point’ by the World Economic Forum and Bain & Company.
The authors discuss two areas of importance within this topic:
The World Economic Forum and Bain & Company conclude that the VCM faces 3 major challenges currently:
To help combat these key challenges, the report highlights 5 actions for corporate leaders – particularly those that already have net zero targets and commitments, as they are inherently reliant on the Voluntary Carbon Market to meet those targets.
The suggested 5 actions are:
Not sure where to start with ensuring your carbon offsetting is credible? We’d suggest the following as great starting points:
Our carbon projects are thoughtfully curated for durable, additional, and measurable carbon benefits with robust risk mitigations. But how do we actually go about choosing which projects we offer?
Permanence is a key marker of quality in carbon offset projects – ensuring that the carbon benefit made is long-lasting. How do different projects approach permanence? And what markers of permanence can be found in high-quality carbon projects? Let’s find out.
As an industry-first, Lune will now retire your carbon credits instantly after payment — getting one step closer to revolutionising the carbon markets and overhauling the status quo — including the expectation of waiting weeks to receive your carbon credit certificate.