HOW ARE CARBON MARKETS EVOLVING?
HOW ARE CARBON MARKETS EVOLVING?
30 Oct 2024
In a lively discussion, experts explore the evolution of carbon markets, emphasizing the role of technology and investment in enhancing market integrity and transparency. The integration of AI and satellite imaging is highlighted as a game-changer for verifying carbon sequestration, ensuring transparency, and fostering trust in carbon projects. The conversation also touches on the importance of regulatory clarity and the merging of compliance and voluntary markets, which are crucial for companies aiming to meet net-zero commitments. The demand for carbon credits remains strong, driven by commitments from major corporations like Microsoft and Google. The launch of a new exchange is seen as a significant step towards price discovery and market expansion. Additionally, the discussion acknowledges the challenges of financing and supply in the carbon market, with a focus on the need for more investment in reforestation projects.