The voluntary market is no different than the first couple of years of unregulated ESG ratings scores - they allow people who don't know what they are doing to pretend they are doing something. The space needs to be regulated.
This is where the market is headed - CA AB 1305 - The Voluntary Carbon Market Disclosures Act, Core Carbon Principal Label, Australia Emissions Reduction Fund and Australian Carbon Credit Units, India Carbon Credit and Trading Scheme, The Canada Federal GHG Offset System, The EU emissions trading system (EU ETS). It’s also helpful to follow this recent development from COP29: https://www.reuters.com/markets/commodities/cop29-countries-endorse-global-carbon-market-framework-2024-11-11/.
Those who are naive enough not to pay attention to the above regulations will lose a LOT of money!
The only reason this climate nonsense is going on is the funding. When that stops some inertia will be in effect, but it will eventually stop, unless some of the actions morph into true value adding economic advantages.. but don’t hold your breath.
The voluntary market is no different than the first couple of years of unregulated ESG ratings scores - they allow people who don't know what they are doing to pretend they are doing something. The space needs to be regulated.
This is where the market is headed - CA AB 1305 - The Voluntary Carbon Market Disclosures Act, Core Carbon Principal Label, Australia Emissions Reduction Fund and Australian Carbon Credit Units, India Carbon Credit and Trading Scheme, The Canada Federal GHG Offset System, The EU emissions trading system (EU ETS). It’s also helpful to follow this recent development from COP29: https://www.reuters.com/markets/commodities/cop29-countries-endorse-global-carbon-market-framework-2024-11-11/.
Those who are naive enough not to pay attention to the above regulations will lose a LOT of money!
Companies like Cleartrace have the right idea!
The only reason this climate nonsense is going on is the funding. When that stops some inertia will be in effect, but it will eventually stop, unless some of the actions morph into true value adding economic advantages.. but don’t hold your breath.