(1/3) The Voluntary Carbon Offset Market
12/19/23 • 34 min
The voluntary carbon offset market (VCM) – in which customers can pay for third-parties to avoid emitting CO2 or remove it from the atmosphere on their behalf – has existed for over 30 years, and has been controversial for nearly as long. On the one hand, the VCM can provide a path for hard-to-decarbonize sectors or businesses to reach net-zero emissions goals, and it can help finance development of important carbon removal technologies, like direct air capture. On the other hand, the market is rife with opportunities for exploitation and the sale of ineffective carbon credits.
In the first of a three-part episode exploring the current and future state of the voluntary carbon offset market, Climate Now is joined by Dr. Colin McCormick, Alex Dolginow, Derik Broekhoff and Dr. Mark Trexler – four experts in the VCM space, to examine why it is so difficult to create an effective and reliable carbon offset market, and whether there is a path forward for doing so.
For a full transcript and sources, go here: https://climatenow.com/podcast/episode-1-of-3-the-voluntary-carbon-offset-market/
Editor's note: At 30:12, Derik Broekhoff mentions "carbon credit rating agencies." Here are some of these which he shared with us after the recording:
- Calyx Global (https://calyxglobal.com/)
- BeZero (https://bezerocarbon.com/)
- Sylvera (https://www.sylvera.com/)
Follow us on Twitter, LinkedIn, Facebook, and Instagram.
Contact us at [email protected]
Visit our website for all of our content and sources for each episode.
The voluntary carbon offset market (VCM) – in which customers can pay for third-parties to avoid emitting CO2 or remove it from the atmosphere on their behalf – has existed for over 30 years, and has been controversial for nearly as long. On the one hand, the VCM can provide a path for hard-to-decarbonize sectors or businesses to reach net-zero emissions goals, and it can help finance development of important carbon removal technologies, like direct air capture. On the other hand, the market is rife with opportunities for exploitation and the sale of ineffective carbon credits.
In the first of a three-part episode exploring the current and future state of the voluntary carbon offset market, Climate Now is joined by Dr. Colin McCormick, Alex Dolginow, Derik Broekhoff and Dr. Mark Trexler – four experts in the VCM space, to examine why it is so difficult to create an effective and reliable carbon offset market, and whether there is a path forward for doing so.
For a full transcript and sources, go here: https://climatenow.com/podcast/episode-1-of-3-the-voluntary-carbon-offset-market/
Editor's note: At 30:12, Derik Broekhoff mentions "carbon credit rating agencies." Here are some of these which he shared with us after the recording:
- Calyx Global (https://calyxglobal.com/)
- BeZero (https://bezerocarbon.com/)
- Sylvera (https://www.sylvera.com/)
Follow us on Twitter, LinkedIn, Facebook, and Instagram.
Contact us at [email protected]
Visit our website for all of our content and sources for each episode.
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Climate News Weekly: Top Stories of 2023, including COP28 deal, methane tracking, climate risks, and more
For our last episode of Climate News Weekly this year, we're reviewing the top climate space stories of 2023 according to our series regulars Julio Friedmann, Dina Cappiello, and Darren Hau. Climate Now Host James Lawler and Managing Producer Emma Crow-Willard moderate a conversation spanning the latest COP28 deal, new developments in methane regulation and tracking, the climate crises that struck the world, EV growth, and more. Thank you for joining us, and see you next year!
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Next Episode
(2/3) The Voluntary Carbon Offset Market
Join us for the second of our three-part series on voluntary carbon offset markets, where we take a look at three companies that have very different strategies for removing carbon from the atmosphere. Vesta aims to increase the amount of atmospheric carbon that the ocean can absorb by infusing coastal systems with sand composed of naturally reactive minerals like olivine. Mast Reforestation generates carbon offsets by maintaining and protecting forests in wildfire-prone areas. And Climeworks uses a mechanical system to filter carbon straight from the atmosphere to sequester it underground.
For each of these companies, we will explore how their company's carbon removal techniques work, and examine whether (and how) they can provide measurable and verifiable offsets to ensure that the carbon credits they sell are providing a viable benefit to climate mitigation.
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Visit our website for all of our content and sources for each episode.
Climate Now - (1/3) The Voluntary Carbon Offset Market
Transcript
James Lawler: [00:00:00] Welcome to Climate Now, a podcast that explores and explains the ideas, technologies and the practical solutions that we’ll need to address the global climate emergency. I'm your host, James Lawler. At Climate Now, one of our main priorities is helping our listeners to understand the latest developments in the climate space.
We do this through our weekly climate news recaps, Climate News Weekly, our bi weekly
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