What the carbon market ‘revival’ means for CSOs
Carbon neutrality is on the way out, but high-integrity credits are finally becoming available.
With integrity initiatives finally starting to bear fruit, innovations gaining traction and the EU allowing the use of carbon credits in its 2040 climate target, it appears the carbon market is enjoying a revival. What does that mean for CSOs and their ability to use carbon offsets?
Two years ago, CSO Futures wondered if carbon offsets had become a risk for Chief Sustainability Officers. Several controversies around the stated vs actual carbon absorption potential of certain projects had rocked confidence in the voluntary carbon market’s impact; countries could not agree on a framework for the use of carbon credits under Article 6 of the Paris Agreement; and innovative methodologies and integrity initiatives were still nascent.
