Voluntary Carbon Markets – Opportunities, Challenges, and the Role of Insurers
Voluntary carbon markets (VCMs) are gaining increasing attention due to their potential role in facilitating the global transition to net-zero. The development of VCMs has enabled the trading of carbon credits on a voluntary basis between willing buyers and sellers. But when and where might insurers eventually become involved? In this paper, we explore the evolving VCM landscape and the potential relevance of voluntary carbon markets to the insurance industry.
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Voluntary Carbon Markets – Opportunities, Challenges, and the Role of Insurers
Insurers have enthusiasm for projects facilitated by VCMs but exercise caution before seeing material progress in addressing the risks and challenges.