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Do or Die: Carbon Offset Markets Face Critical Year

Apr 10, 2024
Layla Khanfar and Kyle Harrison discuss the growth and challenges of voluntary carbon markets, different types of offsets available, and private companies' role in filling regulatory gaps. They explore BNEF's long-term carbon-market scenarios and the trends driving the transition to a lower-carbon economy, emphasizing the need for quality standards and collaboration to enhance market cohesion.
37:06

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Podcast summary created with Snipd AI

Quick takeaways

  • Private companies are filling regulatory voids in carbon offset markets to drive growth.
  • Market standardization efforts by private organizations aim to enhance integrity and project quality.

Deep dives

Challenges and Growth in the Voluntary Carbon Market

In 2023, the voluntary carbon market faced challenges with media scrutiny and lawsuits impacting buyer confidence. Despite initial suppression, the market later saw a surge in demand, with 164 million carbon credits retired, a 6% increase from the previous year. Efforts towards market standardization were spearheaded by private organizations after global agreement setbacks at COP 28, setting the stage for potential stability and growth.

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