We are currently being under served by the voluntary carbon markets. Despite their intent, they present many issues, including high intermediation, complex verification mechanisms, and confusing quality signals. But most importantly, these markets are failing due to severe inaccessibility and low innovation, which for the future, among other things, brings risks of demand overwhelming an undeveloped system. However, even with these failings, the carbon markets are still one of the most promising mechanisms to address…
The carbon markets are being highly criticised for their inability to deliver on their founding principle — to reduce global greenhouse gas emissions. There are a number of reasons they’re not reaching this goal, namely because of their highly intermediated and fragmented nature.
The climate markets as we know them have not met the standards necessary to reach are desired climate targets and here are the reasons why.