Sustainability Now Carbon Credits in 2024
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Jan 12, 2024 The podcast explores the status and future of carbon markets in 2023 and 2024, addressing concerns about their effectiveness and the need for improved methodologies. They discuss the different types of carbon markets and the significance of vintage years in carbon credits. The chapter also highlights public opinions and the increased retirement of credits, as well as efforts to improve market integrity. The episode ends with expressions of gratitude and a disclaimer.
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2023 Carbon Market Concerns
- In 2023, an exposé questioned the validity of carbon credits certified by Vera.
- This raised concerns about the carbon market's ability to deliver promised reductions.
Carbon Market Overview
- Carbon markets enable companies to outsource emission reduction obligations.
- This allows companies to pay others for reductions, potentially at lower costs.
Market Growth Despite Concerns
- Despite public concerns, voluntary carbon credit retirements reached a record high in December 2023.
- This growth contrasts with concerns about the market's ability to deliver real reductions.