Why carbon market growth is driven by corporate ambition
08 Oct 21
This week: Stephen Donofrio, co-author of the new State of the Voluntary Carbon Markets 2021 report, and director of Forest Trends’ Ecosystem Marketplace project, talks about why the voluntary carbon markets are set to top $1bn in 2021, and the drivers for this. Primarily these are corporate awareness of emissions and desire to set in place how to achieve a net zero footprint. Donofrio also argues that it is a “myth” that businesses are engaging in offsetting without decarbonising operations and supply chains concurrently.
Plus: Mars, McDonald’s and Marks & Spencer announce new and challenging decarbonising targets; why palm oil buyers may have inadvertent timber deforestation risks, says Aidenvironment; and, embedded sustainability management practices leads to better overall company performance, according to Accenture and the World Economic Forum, in the news digest.