@petersainsbury, one question I had: if the estimate is that 25% of global emissions are currently covered under an ETS, then why are the forecasts for the size of the carbon market to grow by 50-500x (and not 4x)?
The 25% is via carbon taxes and ETS. Both are regulated and controlled by the government. I think you are referring to the voluntary carbon market or VCM. It's currently a $2bn market but could be $500bn market by 2050 or even more. This includes companies paying for carbon credits that avoid emissions or remove carbon from the atmosphere. Increasingly the VCM will become intertwined with ETFs.
@petersainsbury, one question I had: if the estimate is that 25% of global emissions are currently covered under an ETS, then why are the forecasts for the size of the carbon market to grow by 50-500x (and not 4x)?
The 25% is via carbon taxes and ETS. Both are regulated and controlled by the government. I think you are referring to the voluntary carbon market or VCM. It's currently a $2bn market but could be $500bn market by 2050 or even more. This includes companies paying for carbon credits that avoid emissions or remove carbon from the atmosphere. Increasingly the VCM will become intertwined with ETFs.
Doh! Great point, I understand now, thanks!
The article looks great Art. Many thanks again for asking such great questions.
Of course. Your journey lent itself to an interesting convo!