The voluntary carbon market (VCM) is undergoing a much-needed overhaul as we work towards building a robust, high integrity VCM to facilitate the widely anticipated surge in demand for quality carbon offsetting. This is naturally driving more participants to enter the VCM, bringing with them new products, platforms and solutions that augment and challenge convention.
Although the basic utility of voluntary carbon credits (VCCs) and the importance of quality are relatively well understood and may easily be researched, VCCs can be surprisingly complex instruments. This commentary is intended as a high-level buyer’s guide to alert buyers to some of the complexities of VCCs so that they may consider the practical and legal implications relative to their intended use of VCCs.
This report published by Ben McQuhae & Co in partnership with HKGFA explores carbon markets and the anticipated surge in demand for high quality carbon credits, and provide practical guide to help buyers avoid potential risks.