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Podcast: Climate Now
Episode: (3/3) The Voluntary Carbon Offset Market
Description: In January of 2023, a headline from Boston Consulting Group read: The voluntary carbon market [VCM] is thriving. Their evidence? A 4-fold increase in the value of the market in the course of a year, to a valuation over $2 billion USD and growing. Nine months later, Reuters headlined a very different take: Carbon credit market confidence ebbs as big names retreat, citing the first dip in the number of credits used by companies in at least 7 years. What was causing such rapid growth in the VCM? What caused the decline? And...