$100bn for planet and people

24 June 202412 min

Markets and Policy
Net Zero

In July this year, the Science Based Targets initiative will decide on whether to allow carbon credits to be used as an instrument to compensate for companies’ Scope 3 emissions.

Close to a staggering six gigatonnes of CO₂e in corporate emissions, or a sixth of global emissions, stand to be impacted.

If every tonne was compensated for via a carbon credit at a price of just $16.67, the global carbon market would be valued at $100bn annually.

This paper is a thought piece to set out the immense benefits a $100bn market would deliver for the planet and its people.

We make recommendations for governments, corporates and project developers on how to get there—some changes will take more work than others.

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