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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 […]

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 […]