The role of voluntary carbon markets in mobilising finance to accelerate climate action (2024)

With only 24% of global emissions currently priced according to the World Bank, ICC underscores that VCMs can help bridge the financing gap critical to keeping the Paris Agreement goals within reach. 

VCMs enable companies, governments, and individuals to offset greenhouse gas emissions by purchasing voluntary carbon credits. These markets not only support emissions reductions but also channel significant financial resources to sustainability projects in regions where climate adaptation, resilience, and financing needs are greatest.