HOW CAN CARBON MARKETS KEEP UP WITH DEMAND?

In a lively discussion, Matthew Martin, Chief Correspondent for Sovereign Wealth Funds at Bloomberg, engages with Reham Algizi, CEO of the Voluntary Carbon Market, about the role of voluntary carbon markets in financing the energy transition. They explore the challenges and opportunities in scaling these markets, emphasizing the need for integrity and quality in carbon credits. The conversation highlights the importance of voluntary carbon markets in reaching communities that conventional financing cannot, particularly in the global south. They discuss the ambitious goal of reaching one gigaton by 2030, despite the current trajectory being far from this target. The discussion also touches on the role of Saudi Arabia in promoting these markets, with initiatives like launching an exchange and engaging in auctions to stimulate demand. Reham Algizi shares insights on the challenges faced, such as navigating integrity issues and raising awareness about the market's potential. The conversation concludes with a call to action for companies to participate in upcoming transactions, particularly in Africa, to support climate action and adaptation.