The Voluntary Carbon Market: Climate Finance at an Inflection PointB R I E F I N G P A P E RJ A N U A R Y 2 0 2 3In collaboration with Bain & CompanyContentsIntroduction1 The need for a well-functioning voluntary carbon market2 The carbon market is at an inflection point3 Five key recommendations to scale responsible engagement in the carbon market4 Building and evolving the credit portfolio over timeContributorsEndnotes3469111314Cover: Gettyimages/weerapatkiatdumrong Inside: Gettyimages/Andriy OnufriyenkoDisclaimer This document is published by the World Economic Forum as a contribution to a project, insight area or interaction. The findings, interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum, nor the entirety of its Members, Partners or other stakeholders.© 2023 World Economic Forum. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.The Voluntary Carbon Market: Climate Finance at an Inflection Point 2The Voluntary Carbon Market: Climate Finance at an Inflection Point January 2023IntroductionThe corporate net-zero imperative: accelerating decarbonization and investing in nature. The science is clear: the world must reduce greenhouse gas emissions by 43% by 2030 to limit global warming to 1.5°C above pre-industrial levels.1Mitigation plans must reduce emissions across company operations and value chains, while investing in nature in parallel. According to the Intergovernmental Panel on Climate...
