The Green Finance Podcast Ep. 13: Debunking carbon credits and voluntary carbon markets

Summary: Today we're talking about voluntary carbon markets and carbon credit ratings. So many companies are now making net zero commitments, and the way to get there is by cutting down their own emissions and using voluntary carbon credits to compensate for residual emissions, as it's nearly impossible to be perfectly carbon neutral without them. However, the voluntary carbon credit market is relatively new and many companies are over relying on carbon credits in the rush to call themselves carbon neutral. In order for this market to function properly, it needs accessible and quality information as well as trust and integrity. We need more funds to flow towards climate solutions, and carbon markets can facilitate this by creating investable carbon assets. But we need to ensure that on the supply side, the carbon credits are of the highest quality, and on the demand-side we need to avoid ‘greenwashing’ by ensuring those credits do not allow companies to avoid cutting their own emissions. I'm talking about all this today with Tommy Ricketts, CEO of BeZero Carbon, a company that provides carbon credit ratings and research tools to support buyers, intermediaries, investors, and carbon project developers. To read the transcript of our conversation, visit Tearsheet.co.