Solid report - thanks for sharing this David. The fact that you consider this still optimistic is telling. What's your view on the market as a rep of a credit ratings agency?
In a personal capacity, I would say it is in the dumpster haha. It looks like a lot of corporates are pulling back/slow-rolling their net-zero commitments after discovering how hard it is to actually decarbonize, and absent that demand lever to offset remaining emissions I don't see a world in which the value of the market skyrockets despite many reports from high-dollar brands to the contrary.
VCM was rough this year. Retirements and prices were down, demand was tepid at best, and lots of companies went under.
Allied Offset’s 2024 VCM Review is a good summary but I think they were too optimistic in their spin on the data:
https://alliedoffsets.com/reports/
Solid report - thanks for sharing this David. The fact that you consider this still optimistic is telling. What's your view on the market as a rep of a credit ratings agency?
In a personal capacity, I would say it is in the dumpster haha. It looks like a lot of corporates are pulling back/slow-rolling their net-zero commitments after discovering how hard it is to actually decarbonize, and absent that demand lever to offset remaining emissions I don't see a world in which the value of the market skyrockets despite many reports from high-dollar brands to the contrary.
Oof. We have to connect nature/climate solutions to economies that produce and consume stuff more