background image

How carbon markets can deliver to the front lines of the climate crisis

author image

By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on Time or enjoy below:

🗞️ Driving the news: Nations in the Global South face a dilemma: they must grow their economies without increasing pollution, despite the climate crisis causing severe damage
• Carbon markets are seen as crucial for financing climate solutions by allowing companies to buy carbon credits, funding clean energy and forest conservation projects

🔭 The context: Carbon markets, while debated, offer a means for emerging economies to grow sustainably
• Examples from Guyana and Ghana show how funds from carbon credits benefit local communities by supporting education, aiding disabled members, and creating jobs through ecotourism

🌍 Why it matters for the planet: Carbon markets can help fill the significant funding gap for climate action, accelerating emission reductions and supporting vulnerable communities
• Properly designed markets ensure benefits for Indigenous peoples and local communities

⏭️ What's next: To realize the potential of carbon markets, more public and private funding mechanisms are needed, along with corporate commitment to reducing emissions and purchasing high-quality credits
• Environmental groups should support these efforts to encourage broader participation

💬 One quote: "Carbon markets can provide billions of dollars towards climate solutions and support equitable and just economic development, and now is the time to act," said Fred Krupp, President of the Environmental Defense Fund

📈 One stat: International carbon trading could achieve about 40% more emissions reductions compared to nations acting without global cooperation

Click for more news covering the latest on carbon market

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)