(1/3) The Voluntary Carbon Offset Market
The voluntary carbon offset market (VCM) – in which customers can pay for third-parties to avoid emitting CO2 or remove it from the atmosphere on their behalf – has existed for over 30 years, and has been controversial for nearly as long. On the one hand, the VCM can provide a path for hard-to-decarbonize sectors or businesses to reach net-zero emissions goals, and it can help finance development of important carbon removal technologies, like direct air capture. On the other hand, the market ...