Voluntary Carbon Market Update (2024)

Sam Hope

5 years: Carbon Markets

In this video, Sam will explore the evolution of Voluntary Carbon Markets, delving into their critical role in combating climate change. He will provide an overview of recent trends, including the shift towards durable carbon removals and the emerging standards that enhance project integrity. Sam will also discuss the implications of increased corporate interest in carbon credits, the importance of governance, and how businesses can effectively engage with these markets to achieve their net-zero ambitions. Join us for insights into the future of carbon credits and the necessary steps for sustainable climate action.

Carbon Markets

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Voluntary Carbon Market Update (2024)

13 mins 14 secs

Key learning objectives:

Understand the evolution and current state of Voluntary Carbon Markets (VCM)
Outline the concepts of carbon credit issuance and retirement in relation to market dynamics
Outline the challenges and opportunities in enhancing market integrity and confidence
Identify trends in carbon removal projects, focusing on durable solutions

Overview:

Voluntary Carbon Markets play a crucial role in addressing climate change by enabling organizations to finance emissions reduction and removal projects. These markets facilitate the creation and trading of carbon credits, which represent tangible environmental benefits. As demand for carbon credits grows, especially for projects with long-term carbon removal capabilities, organizations face challenges related to integrity and quality assurance. The evolution of various carbon credit standards reflects a shift towards more sustainable and durable solutions, emphasizing the importance of robust governance and continuous assessment to ensure that these initiatives effectively contribute to global net-zero targets.

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Sam Hope

Sam Hope is the Senior Carbon Advisor at Plannet Zero, a tech company dedicated to developing smart carbon footprinting software for SMEs. His role is a Senior Carbon Advisor, and he works with businesses of all sizes, particularly in helping to scale the durable carbon removals market.

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