Discover the dominant corporate perspectives on climate action and carbon credits with this report from WMB and Conservation International. Published in January 2023, it found the vast majority of business leaders (92%) see long-term decarbonization as a priority and say the responsible use of carbon credits is important to reducing emissions (89%).
This report from the Climate Change Committee argues that carbon credits have an important, but small role in supporting decarbonisation. Published in October 2022, it recommends that governments implement stronger guidance, regulation and standards, suggesting that without more stringent measures, companies may use carbon credits as a substitute for cutting emissions. NOTE: Other studies have found that companies which purchase carbon credits are decarbonising faster than those that don’t.
This academic paper, published by Frontiers in Climate, is essential reading for anyone wondering how to address flaws in the voluntary carbon market. Published in October 2022, the authors argue that the challenges facing the carbon market are not only resolvable but that they must be overcome to achieve our global climate goals. It states that voluntary carbon markets can effectively catalyse climate action.
Confused by net zero, carbon neutral and nature positive? This whitepaper, published by Emergent in October 2022, breaks down the jargon deterring corporates from the carbon markets and provides some real-life examples of climate and nature strategies. It explains how companies can support these strategies by purchasing REDD+ credits from tropical forest projects.
This report from EY predicts that carbon credits will grow increasingly expensive and scarce. Published in March 2022, it is relevant to corporates debating whether to include carbon credits in their decarbonisation strategy as it provides useful insights into market trends. It advises how business leaders can prepare for a future in which carbon credits are both more expensive and highly needed.
Microsoft reviews its carbon removal profile after its second year of operation in this report released in March 2022. It calls for clearer standards and solutions with higher durability. It also highlights challenges facing soil carbon and forest carbon projects, stating that these solutions should provide immediate, short-term solutions and be recognised for the co-benefits they offer in addition to carbon removal.
You’ve heard of offsetting, but what is insetting? The IPI’s Practical Guide explains these lesser-known climate solutions. Published in March 2022, it also speaks to insetting experts to collect their recommendations for sustainability professionals. In this report, you can find 10 learnings and five opportunities to scale insetting.
Published by the Energy Transitions Commission in March 2022, this report compares the different types of carbon removal – tech-based; nature-based and hybrid. It covers the risks and potential of each approach and explains how they might be financed. It argues that, when combined with deep decarbonization, these removal strategies can help keep the planet at a safe and liveable temperature.
This report from Ceres is Intended for investors looking to assess corporate net zero commitments. Published in March 2022, it also considers companies’ use of carbon credits to deliver on their commitments. Informed by extensive research, this report will help investors make better-informed investment decisions and reduce risk.
Set in the context of COP26, South Pole’s report is a time capsule to help corporates understand the dynamics of the 2021 and early 2022 market. Published in February 2022, it discusses the demand boom and the near $1 billion value peak in 2021. Read on to learn more about the state of the voluntary carbon market.