After COP29, what’s next for carbon markets

At the recent UN climate conference in Baku, Azerbaijan, countries finalized key rules and guidelines for international carbon trading under Article 6 of the Paris Agreement on climate change.  

In this bonus episode of the ESG Insider podcast, we discuss these outcomes and what they mean for the future of carbon markets with Mark Kenber, Executive Director at the Voluntary Carbon Markets Integrity Initiative. VCMI is a nonprofit with a goal of enabling high-integrity voluntary carbon markets that contribute to the goal of the Paris Agreement, protect nature and support the UN’s Sustainable Development Goals. 

"The rules around the Paris Agreement carbon markets known as Article 6 were finally agreed, and that now gives some confidence to those who are developing projects, looking at investing in the market, developing markets at a national level and, of course, buyers, that there is now a UN imprimatur on project-based carbon markets," Mark tells us. "And with luck, that will encourage more investment." 

Listen to our previous coverage from COP29 here: https://www.spglobal.com/esg/podcasts/un-official-says-credibility-of-climate-cops-at-stake-heading-into-2025

Listen to our explainer podcast series on carbon markets: 

Exploring the role of carbon markets in reaching climate targets: https://www.spglobal.com/esg/podcasts/exploring-the-role-of-carbon-markets-in-reaching-climate-targets  

What's next for voluntary carbon markets: https://www.spglobal.com/esg/podcasts/what-s-next-for-voluntary-carbon-markets  

Learn more about the Global Carbon Markets Conference hosted by S&P Global Commodity Insights: https://cilive.com/assemble/events/energy-transition/101824-global-carbon-market-conference  

This piece was published by S&P Global Sustainable1, a part of S&P Global. 

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