A carbon credit with inherently questionable value is no good for the climate or the sector but it’s also no good to throw the baby out with the bathwater.
The past year brought existential debate, some helpful regulation and productive collaboration on climate and data matters, but a lack of urgency is still an issue.
All eyes are on Montreal as COP15 looks to deliver an international commitment on biodiversity retention and restoration that can replicate the impact of the Paris Climate Accords.
Despite many private fund investors slowing their pace of allocations, there are a handful of reasons for those raising impact capital to be more optimistic than their mainstream peers.