Commodities 2024: Price slump in 2023 clouds outlook for voluntary carbon market
Sharp declines in carbon credit prices in 2023 have clouded the outlook for the voluntary carbon market, or VCM, in 2024, with market participants pessimistic about a swift recovery after questions arose regarding the integrity and credibility of nature-based REDD+ credits issued by Verra. Verra is a major standard for certifying carbon credits to offset emissions. The slump in prices…Sharp declines in carbon credit prices in 2023 have clouded the outlook for the voluntary carbon market, or VCM, in 2024, with market participants pessimistic about a swift recovery after questions arose regarding the integrity and credibility of nature-based REDD+ credits issued by Verra. Verra is a major standard for certifying carbon credits to offset emissions. The slump in prices… Read More
