Based on interviews with market participants and our own research, Chakravorti, Cook, DeAlto and Rioux make several recommendations to improve transparency, efficiency, and trust in VCMs. Today, corporates are facing increasing pressure to make net-zero commitments whereby their residual greenhouse gas (GHG) emissions are completely offset. By purchasing offsets in voluntary carbon markets (VCMs), corporates fund projects globally that avoid GHG emissions or remove CO2 equivalents (CO2e) from the atmosphere. However, VCMs are fragmented and relatively unregulated. Furthermore, some offset projects have not removed or avoided GHG emissions as claimed. Even with these challenges, VCMs provide a market-based mechanism for corporates to fund climate projects globally to enable us to meet our climate goals.
Navigating Change in Financial Markets
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Who We Are
We are an innovative and creative economic strategy consulting firm that uses data-driven analysis to advise industry participants and policymakers on the evolving financial market services industry. Our experts advise public and private sector decision makers on how to create a more dynamic, accessible, and resilient financial system.
What We Do
We bring innovative ideas to navigate the challenges facing the financial services industry based on our broad collective experience. Our thought leaders advise large and complex financial institutions, global financial networks, FinTechs, central banks, and think tanks.
Research
Our innovative research uses cutting-edge empirical tools that informs strategic business decisions, shapes sound public policy, and enables greater financial inclusion. Our team's research has appeared in well-known industry, central bank, academic publications, and cited by leading financial news outlets.