It is widely agreed that a large part of decarbonization will occur through market-based solutions that put a price on carbon. A growing part of the world’s carbon emissions are covered by mandatory carbon markets – regional or national – the so-called compliance markets. But market watchers see an ongoing need for voluntary markets, in which companies and organizations purchase carbon credits to offset their carbon emissions. In fact, a convergence of voluntary and compliance markets is beginning to appear, potentially opening…
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