Science
The voluntary carbon offset market (VCM) – in which customers can pay for third-parties to avoid emitting CO2 or remove it from the atmosphere on their behalf – has existed for over 30 years, and has been controversial for nearly as long. On the one hand, the VCM can provide a path for hard-to-decarbonize sectors or businesses to reach net-zero emissions goals, and it can help finance development of important carbon removal technologies, like direct air capture. On the other hand, the market is rife with opportunities for exploitation and the sale of ineffective carbon credits.
In the first of a three-part episode exploring the current and future state of the voluntary carbon offset market, Climate Now is joined by Dr. Colin McCormick, Alex Dolginow, Derik Broekhoff and Dr. Mark Trexler – four experts in the VCM space, to examine why it is so difficult to create an effective and reliable carbon offset market, and whether there is a path forward for doing so.
For a full transcript and sources, go here: https://climatenow.com/podcast/episode-1-of-3-the-voluntary-carbon-offset-market/
Editor's note: At 30:12, Derik Broekhoff mentions "carbon credit rating agencies." Here are some of these which he shared with us after the recording:
- Calyx Global (https://calyxglobal.com/)
- BeZero (https://bezerocarbon.com/)
- Sylvera (https://www.sylvera.com/)
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