💪 What a strong incentive to address challenges in the voluntary carbon market! The market could double participants if it continues to tackle issues of transparency, risk and recognition. In a new survey, We Mean Business Coalition, ICE and Bain & Company reveal the attitudes of 180 companies to the VCM. 🌱 The survey is clear: the VCM can accelerate corporate spending on climate priorities that are otherwise underfunded. One such area is nature, where there remains a huge, $700 billion gap between the funds required to conserve and restore ecosystems and the amount currently spent. More than 70 percent of companies purchasing credits said it allows them to take additional action, beyond what they would do if not buying carbon credits. This is in line with findings released by Ecosystem Marketplace in 2023. Its study revealed that the companies engaging with the voluntary carbon markets were decarbonising at double the pace as those who were not. For the sake of climate and nature, we need to help more companies engage in the market. #VCM #CarbonCredits #CarbonMarkets #ClimateAction #WMBC
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Thanks for sharing Jen - great to get this message out wider on #InternationalForestsDay.