VCMs’ other fragmentation problem
The growing number of individual national carbon exchanges threatens to fragment much needed liquidity
In mid-October, I had the opportunity to attend and present at the biannual World Investment Forum (WIF), sponsored by the UN Conference on Trade and Development. The WIF’s goal is to spur more sustainable development investment in low- and middle-income economies. One of the prevailing themes at the event in Abu Dhabi was the energy transition and, given its timing and location, it offered a preview of some of the agenda of the COP28 Presidency. That agenda included full-throated support for voluntary carbon markets (VCMs), to lure capital towards the energy transition and to help countries meet decarbonisation commitments set out under their Nationally Determined Contributions (NDCs). For
Also in this section
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV