Iceland Review June/July 2023

Of Ashes and Evergreens

„However, the voluntary carbon market presents a tricky balancing act. On the one hand, the barrier to certification must be sufficiently low to encourage investment and participation, while on the other hand, standards must be high enough for these projects to actually have the impact they claim. Many early carbon sequestration projects were uncertified, meaning that they can’t be used on this voluntary market.“