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' âflight to qualityâ 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.
đ Thank you to those who contributed to the report for your insights, including Diego Saez Gill, Sophie Purdom, Alexia Kelly, Tracey Osborne, Samuel Gill.
đRead the report here.
What do you think? Are there other trends that need more attention? Something that doesn't resonate?
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