Voluntary carbon markets (VCMs) are gaining increasing attention due to their potential role in facilitating the global transition to net-zero. The development of VCMs has enabled the trading of carbon credits on a voluntary basis between willing buyers and sellers. But when and where might insurers eventually become involved? In this paper, we explore the evolving VCM landscape and the potential relevance of voluntary carbon markets to the insurance industry.
MILLIMAN REPORT
Voluntary Carbon Markets – Opportunities, Challenges, and the Role of Insurers
1 December 2023