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Closing the Carbon Market Gap
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According to a recent study by Bank of America, carbon credits issued in 2020 equaled only 0.4% of total global emissions, or 210 million metric tons of carbon dioxide. These issuances indicate the supply gap of carbon is significant—data shows the carbon market needs to grow by about 50x to meet 2050 net-zero targets. CarbonBetter's Director of Climate Services, Nicole Sullivan, is joined by Julius Pasay of The Climate Trust and Dan Linsky from ClimeCo to discuss efforts to close this gap and challenges in developing projects and issuing credits at scale.
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