"The global carbon market is at an inflection point as discussions during the recent COP meeting in Brazil demonstrated. After years of negotiations over carbon market rules under Article 6 of the Paris Agreement, countries are finally moving on to the implementation phase, with more than 30 countries already developing Article 6 strategies. At the same time, the voluntary market is evolving after a period of intense scrutiny over the quality and integrity of carbon credit projects."
"Carbon Markets 2.0 is characterised by high integrity standards and is increasingly recognised as critical to meeting the emission reduction goals of the Paris Agreement. And this ongoing transition presents enormous opportunities for financial institutions to apply their expertise to professionalise the trade of carbon credits and restore confidence in the market. The engagement of banks, insurance companies, asset managers and others can ensure that carbon markets evolve with the same discipline, risk management, and transparency that define"
The global carbon market is entering an implementation phase as Article 6 moves from negotiation to action, with over 30 countries developing strategies. The voluntary market is reforming after scrutiny over project quality and integrity. Carbon Markets 2.0 emphasizes high-integrity standards and is vital for achieving Paris Agreement emission targets. Financial institutions have significant opportunities to professionalize carbon credit trading, restore market confidence, and apply discipline, risk management, and transparency. Carbon markets enable rapid, scalable climate action, help industries address emissions lacking current solutions, and provide debt-free climate finance to emerging and developing economies, supporting climate-positive growth and accelerating the transition to net zero.
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