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Panel

VCM: Quality of Credits & Goals of Purchasers

calendar_today September 12, 2024

Scaling voluntary carbon markets effectively is no longer just about increasing transaction volume; it is about establishing a high-integrity framework that can withstand intense public and regulatory scrutiny. As this session highlights, the transition from a $2 billion niche to a $50 billion climate powerhouse requires a fundamental shift in how quality is defined and verified. The panel experts reveal that the primary barrier to growth is not a lack of capital, but a deficit of trust driven by concerns over greenwashing and inconsistent credit standards. By focusing on scaling voluntary carbon markets effectively, participants can ensure that private finance is successfully channeled into high-impact projects that provide genuine, additional carbon removals rather than just avoided emissions.

The technical discussion explores the necessity of harmonized accounting principles and the role of independent registries in providing the transparency that institutional buyers demand. For those looking at scaling voluntary carbon markets effectively, the session provides deep insights into the evolving expectations of purchasers who are now prioritizing social co-benefits and biodiversity protection alongside carbon metrics. This shift in buyer goals means that the next generation of successful carbon projects must demonstrate rigorous data quality and long-term permanence to command premium pricing.

Mastering the complexities of scaling voluntary carbon markets effectively is essential for any organization aiming to use offsets as a credible component of their broader net-zero decarbonization strategy.

  • Transitioning from avoidance-based credits to high-integrity carbon removal technologies.
  • Aligning with global standards like the IC-VCM to ensure credit quality and market trust.
  • Understanding the purchasing goals of major corporations to better tailor project development.

Watch the full panel discussion above to learn how the industry is building the infrastructure necessary to scale impact and accelerate global decarbonization.


Speakers
  • Gillian Lofts Global Sustainability Leader EY UK Moderator
  • Jonathan Hackett MD | Head of Sustainable Finance BMO Financial Group Speaker
  • Lorraine Audsley SVP | Chief Risk | Sustainability Officer Export Development Canada Speaker
  • Michael Mexis Energy Services & Renewables IBM Speaker