Posted 12/3/2023, 9:01:17 AM
Voluntary Carbon Markets See Sharp Drop in Trading Over Credibility Concerns
- Cop28 World's voluntary carbon markets need to regain public trust and improve integrity to boost trading volumes
- Global securities regulators considering oversight of voluntary carbon markets to help rebuild confidence
- Lack of transparency and potential conflicts of interest have damaged credibility of voluntary carbon markets
- Trading volumes dropped 51% in 2022 due to concerns over quality of credits from forest protection projects
- International regulator launching consultation on proposed "good practices" to promote integrity and functioning of voluntary carbon markets