Exploring the role of carbon markets in reaching climate targets

Aug 16, 2024

Roman Kramarchuk, Head of Climate Strategies at a leading environmental solutions firm, dives into the world of carbon markets. He discusses the significant growth of these markets, now covering a quarter of global emissions. The conversation highlights the differences between voluntary and compliance markets and their roles in achieving decarbonization targets. Kramarchuk also tackles the political dynamics affecting carbon trading and emphasizes the importance of high-quality credits for sustainable practices in both developed and developing economies.

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Intro

00:00 • 2min

Understanding Carbon Markets

02:20 • 17min

Navigating Carbon Trading and Political Dynamics

18:54 • 3min

The Future of Carbon Markets and International Collaboration

22:13 • 4min

Navigating the Evolving Landscape of Carbon Markets

26:30 • 2min

On this podcast, we often hear how achieving the low-carbon transition on a global scale will require a mix of solutions. Carbon markets are one key tool available to companies and countries.

In this episode of the ESG Insider podcast, we bring you part one of a two-part miniseries on carbon markets. We dig into voluntary and compliance markets, including how they're structured and used, how they're evolving, and the challenges and opportunities ahead.

We talk with Roman Kramarchuk, Head of Climate Markets & Policy Analytics in the Research & Analytics business at S&P Global Commodity Insights. He explains how carbon markets have expanded around the world in recent years — and how that growth is expected to continue.

"We've got a quarter of the world's emissions now covered by some form of carbon price, and that number is only going to go up," Roman says.

Listen to our episode about Article 6 of the Paris Agreement here: https://www.spglobal.com/esg/podcasts/at-cop26-why-article-6-matters-to-companies-and-investors

Click here to learn more about S&P Global Commodity Insights' research and analysis of carbon markets: https://www.spglobal.com/commodityinsights/en/commodities/energy-transition/carbon

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

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