Is There a Transitional Phase Between Compliance and Compliance Markets?

Voluntary markets were where the action was 20 years ago. They still are, in some ways the leading edge. The relationship between them is complex and evolving. But i think we aren't heading towards an elegant, beautiful, globally harmonized deal. So there is currently not just space for the voluntary cub markets, but a really important roll, and a growing roll for those markets over time.