Voluntary Carbon Markets: An introduction for exchanges
Publication Date:
Jan 01, 2022
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This Market Monitor focuses primarily on the voluntary carbon market, although the newly launched SSE Carbon Markets Advisory Group may also explore the compliance market in more depth as part of future work.
Highlights:
- Voluntary carbon markets (VCMs) leverage market mechanisms to promote investment in projects that reduce, avoid or remove harmful greenhouse gases.
- The voluntary carbon market environment is growing at a rapid pace, achieving record-breaking growth year on year.
- If held to high standards of integrity and transparency, carbon markets offer huge potential to advance efforts to accelerate critically-needed climate action.
- Carbon credits often include non-carbon co-benefits addressing other social and environmental issues. In this way, carbon markets may be useful in facilitating a just transition and contributing to a range of SDGs.
- The SSE is actively growing its knowledge base on carbon markets. To support this work, on 9 November 2022 at COP27, the SSE launched the SSE Carbon Markets Advisory Group, and invites SSE members and other relevant stakeholders to join. Contact the SSE at info@sseinitative.org to join or learn more.
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