Despite the role voluntary carbon markets are meant to play in financing climate action, the exact amount of money reaching climate projects and local communities is shrouded in mystery, while nine out of 10 intermediaries do not disclose their fees or profit margins, a new study commissioned by Carbon Market Watch reveals.
The purchase of carbon credits through the voluntary carbon market is widely considered to be an effective way to channel finance towards climate action. However, despite years of existence and the recent hype surrounding voluntary carbon markets, no public research exists to assess how much VCM finance is actually reaching climate mitigation projects and local …
Read more “Secretive intermediaries: Are carbon markets really financing climate action?”
Commissioned by Carbon Market Watch and conducted by AlliedOffsets, this report explores the role of intermediaries in the voluntary carbon market. It seeks to determine how much of the money flowing through these markets reaches climate projects on the ground and how much is intercepted by intermediaries as fees and mark-up to fatten their profits. The report identifies a dearth of information on the details of carbon credit trades and a lack of transparency on the part of intermediaries.
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