Voluntary Carbon Markets: Potential, Pitfalls, and the Path Forward

This report explores the role of Voluntary Carbon Markets (VCMs) in supporting global emissions reductions and CO₂ removal. The report acknowledges that while VCMs have the potential for significant positive impact when based on robust scientific principles, they also face challenges such as over-claiming impact and lack of transparency. The report emphasizes the need for stringent monitoring and transparency to build trust and effectiveness in VCMs. It also highlights the necessity of achieving net-zero emissions by 2050 and beyond, suggesting that VCMs can contribute positively if well-managed. Organizations mentioned: Nature, IPCC, European Union, California Air Resources Board, World Bank, Bloomberg, South Pole, REDD+