We discuss how Voluntary Carbon Credit issuance has stalled in the past 12 months as a series of negative reports on the reliability of baselines has created reputational headwinds. The VCM has poorly communicated the benefits of Nature-Based Solutions and the vital role they must play in achieving Net Zero. Despite the ecosystem putting on a brave face, it is hurting end demand, and while high-quality projects will be sort after, the hurdle to qualify as such is becoming increasingly onerous. The only solution that can restore confidence is for the baselines to be redrawn.
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Maria Filmanovic is the Co-Founder of Abatable, a platform that consults corporate clients regarding their nature-based solution strategies. Eric Cooperstrom is the Head of the Forestry Climate Strategy at Manulife Investment Management, Timberland, and Agriculture. Aadith Moorthy is the Founder & CEO of Boomitra, a project developer in the nature-based space.
