The year 2023 marks a pivotal moment in the volatile journey of the carbon credit market. Once hailed as a cornerstone of corporate climate action, voluntary carbon markets are now grappling with a crisis of confidence and a significant downturn in price and demand. A Rapid Rise and Troubling Slowdown Voluntary carbon markets (VCMs), a key...Read More

Voluntary carbon markets and forest carbon credits have faced widespread criticism that reached a zenith in 2023. Media reports detailed concerns about their dubious climate benefits, respect for communities and land rights, and their use by Global North companies to avoid the difficult task of decarbonizing their operations. Supporters of forest conservation strategies like REDD+...Read More