COP28
Carbon Markets Mature at COP28
Carbon Markets received a boost from events that took place at COP28. Here are our reflections about the recent announcements.
As I conclude an incredible journey at COP29 Azerbaijan and the G20 Summit in Rio, I’m filled with both urgency and hope.
Article 6 of the Paris Agreement is no longer just a vision—it’s becoming the foundation for transformative climate action. Policies are aligning, the private sector is stepping up with clear principles from The Integrity Council for the Voluntary Carbon Market (ICVCM) and VCMI and registries are evolving to meet the moment. The groundwork for credible, impactful carbon markets is now laid.
At the G20 South Africa I spoke about how carbon finance can empower millions through clean cooking solutions, phasing out diesel generators, and other initiatives that reduce emissions, save lives, and drive equitable economic growth. These efforts prove that climate action isn’t just about cutting carbon; it’s about transforming futures.
A critical takeaway: while governments lead these global events, the private sector holds the key to unlocking the future. The world needs trillions of dollars mobilized both directly into decarbonization and through scaled carbon markets.
With Brazil set to host COP30 under the banner of Just Transition, the mandate is clear:
Why wait to lead when the future demands action now?
2025 will be a pivotal year for our planet.
• Corporates: Revisit your net-zero strategies and engage with carbon markets—we need your demand signal to scale.
• Investors: Seek opportunities to finance impactful climate action.
• Policymakers: Align national frameworks with global standards to enable long-term private sector investment.
Let’s ensure 2025 is remembered as the year we stepped up, united to drive a just and Impactful Transition, a legacy worthy of the generations to come!
