2023 has already proven to be a significant year for the voluntary carbon market (#VCM). According to a recent report by Pachama and Sylvera, the need to fund carbon dioxide removal (#CDR) projects has never been more critical and buyers are increasingly focusing on higher quality, lower risk climate contributions instead of questionable offsets.
My take? These takeaways really resonate with what I am seeing in the market. Buyers' “flight to quality” is real, powered by increasingly sophisticated digital measurement, reporting and verification (#dMRV) - such as the one offered by Carbonfuture.
Further, we are seeing a shift from offsetting to contributions, yet another encouraging trend in the market that could channel finance into much-needed, (currently) higher-cost CDR.
👏 Thank you to those who contributed to the report for your insights, including Diego Saez Gill, Sophie Purdom, Alexia Kelly, Tracey Osborne, Samuel Gill.
🔗Read the report here.
What do you think? Are there other trends that need more attention? Something that doesn't resonate?
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