The podcast discusses the rise of carbon offsets, its similarities to the crypto market, and the controversies surrounding the carbon credit system. They explore the criteria for distinguishing good and useless credits, the impact of technology on carbon emissions, and the future of carbon markets. The speakers also debate rainforest destruction and the role of the Guardian in criticizing carbon markets.
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insights INSIGHT
Corporate Carbon Credit Buyers
Corporates are the primary buyers of voluntary carbon credits.
They aim to offset emissions and achieve climate targets cost-effectively.
volunteer_activism ADVICE
Choosing Quality Carbon Credits
Consider the counterparty's trustworthiness and on-the-ground actions when buying carbon credits.
Reflect on your organization's values and prioritize projects aligning with them.
insights INSIGHT
Good vs. Bad Carbon Credits
Key criteria for good carbon credits include additionality, quantification, permanence, and leakage.
Many criticisms arise from questionable baselines or inflated credit claims.
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After a decade in obscurity, carbon offsets have resurrected in recent years as more companies are targeting net zero. Volumes and prices have picked up in 2021-22 to create a 2bn USD market that some institutions predict could rise to 50bnUSD by the end of the decade. But the market is non-regulated, very opaque and shrouded in incomprehensible jargon. Sounds familiar? Is carbon the new crypto? Are bad credits a bug or a feature of the system? Why do Companies think that carbon credits could be a solution on their net-zero journey? There are very heated debates around Carbon Credits/Carbon Offsets. They are loathed by very opiniated experts following spectacular failures or blatant frauds. On the other hand, some reasonable people are trying to sort out the mess while establishing, in the absence of any national or international regulations, what could differentiate a “good credit” from a “bad credit”. We bring in one the savviest expert of the voluntary carbon markets, Guy Turner, who will lay out the controversies and explain what a good credit is. Guy Turner, one of the original members of Bloomberg New Energy Finance, owns and runs Trove Research. Trove Research is the most respected and comprehensive source of information on the Carbon Market. With Guy we go from detailed concepts to the big picture and try to avoid the alphabet soup which has plagued the industry. A great conversation to set things in perspective. Useful links
Redefining Energy