Voluntary carbon offsets – the next big investment
Mark Carney has put his weight behind a new taskforce to speed up the development of voluntary carbon markets. The aim is to build infrastructure that will create liquid and investable carbon offset markets.
Voluntary carbon markets are about to get a boost.
Mark Carney, UN special envoy for climate action, finance advisor to UK prime minister Boris Johnson for COP26 and soon-to-be vice chair and head of ESG and impact fund investing at Brookfield Asset Management, launched the Taskforce on Scaling Voluntary Carbon Markets in early September, aiming to speed up liquidity and scalability.
There is an awakening happening
It is sponsored by the Institute of International Finance (IIF), with Bill Winters, Standard Chartered chief executive, as chair.