To halt the accumulation of greenhouse gases in the atmosphere and slow the resulting climate impacts, the world must reduce emissions to as close to zero as possible and deploy carbon removal solutions to address the remainder. The longer this takes, the more difficult and expensive it will be for businesses and communities to cope with the effects of climate change, and the greater the risk will be to long-term prosperity.
The voluntary carbon market is not a silver bullet, but it is an important tool for enabling the low-carbon transition to occur at a pace and scale commensurate with the climate challenge. In particular, it can help to mobilize capital and reduce costs to aid the widespread deployment of climate solutions. It can also play a key role in speeding the development and commercialization of new technologies that are needed to further accelerate progress toward net-zero emissions.
