The world needs carbon markets. Here’s how to make them work better

https://www2.deloitte.com/us/en/insights/industry/financial-services/future-of-carbon-market.html

The race to achieve net zero emissions is intensifying, necessitating efficient carbon markets to bolster the global transition. Despite challenges, voluntary and compliance carbon markets play a crucial role, providing a bridge for emissions reduction until sustainable technologies are widespread. Currently valued at $2 billion, voluntary markets, if improved, could reach $1 trillion by 2037. To enhance their effectiveness, integration across markets, uniform accreditation standards, and focus on removal technologies are vital. Governments, industries, and financial institutions must collaborate, ensuring transparency, credibility, and equity in carbon trading, aligning efforts toward collective climate goals. Urgent action and cooperation are imperative to meet climate targets.