Voluntary Carbon Markets (VCM) emerged as a result of providing a path for project developers, governments, and organizations to achieve our global climate goals by financing sustainability while fostering innovation and local ESG impact. The 2015 Paris Agreement urged 196 member states to pledge immediate action and report back on their goals to reduce Greenhouse Gas (GHG) emissions to achieve Net Zero by 2050.
The COP26 climate summit in Glasgow marked the approval of Article 6, representing the Paris Agreement’s rulebook governing carbon markets and unleashing the power of carbon credits generated by the reduction or removal of GHGs from the atmosphere. In essence, they mobilize resources to provide countries, and companies to combat climate change, now.