The global effort to lower carbon emissions for companies involves a lot of buzzwords lately – net zero, carbon offset projects and even the global energy transformation. But underlying all of it is the need for scalable, reliable and efficient voluntary carbon markets.
Until recently, voluntary carbon markets have been fairly small, opaque and difficult to price – making net zero goals difficult to plan and execute. But market developers and participants are addressing all of those challenges to help expand these markets scale from $1 billion in 2021 to an estimated $190 billion by 2030, according to BloombergNEF.