Mahesh Ramanujam
Carbon Market · Carbon
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Mahesh Ramanujam
The built environment: transformation needed for net zero tools in carbon markets
Confidence in the supposedly 500 million tons worth of carbon represented by global VCMs is quickly waning. Mounting controversies continue to intensify skepticism among corporates, investors, regulators, regulatory standard setters and other stakeholders over the quality and efficacy of VCCs. As a result, market demand for cheap, questionably reliable credits is on the decline as the supply of credits tied to more dependably effective offset projects, such as direct air capture, remains scarce and expensive. A middle market of readily available, affordable but nevertheless high-quality VCCs is clearly necessary.
Mahesh Ramanujam
The built environment: a foundation for tomorrow’s voluntary carbon market
Carbon Market
Carbon offsets are tricky. The uncomfortable truth is that they’re merited. A vast range of economic sectors, subsectors and discrete energy applications are either too costly or too technically difficult to decarbonize. But the development of carbon offset projects, the validation and verification of their efficacy, and the issuance, sale and retirement of their attendant carbon credits is easier said than done.
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