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To fund and scale up their work, restoration project developers are increasingly looking to earn revenue from the carbon that they sequester when they regenerate land and that they avoid emitting when they prevent deforestation. As companies act to meet their ambitious goals for reducing greenhouse gas emissions, voluntary carbon markets, which connect these project developers and investors, are gaining traction in Latin America. However, to meet increasing demand for carbon credits, the current market will need to increase at least 15 times in size. Restoration projects can play an important role in helping the market fill this demand.
Recognizing the importance of voluntary carbon markets in achieving net-zero emissions, the Institute of International Finance has established a Taskforce on Scaling Voluntary Carbon Markets (TSVCM). Their goal is to create a blueprint for voluntary markets, outlined in their recent report, that could meet much greater demand for carbon credits.
Join Initiative 20x20 to discuss the TSVCM and its implications in Latin America. To view the full agenda, please click here.
Speakers:
- Sonja Gibbs, Managing Director and Head of Sustainable Finance for Global Policy Initiatives, Institute of International Finance
- Luciana Gallardo Lomeli, Research Associate, World Resources Institute
- Martin Fraguio, Director, Carbon Group Agroclimatic Solutions
- Walter Vergara, Initiative 20x20 Coordinator, World Resources Institute
- David Antonioli, CEO, Verra