COP28 failed to deliver the expected progress on Article 6, which is meant to support the development of global carbon markets. Consequently, the voluntary carbon market is regrouping around the question of quality, which has been impacting issuances, retirements and price trends. Will the sector be able to regain momentum? Simultaneously, national carbon compliance programs are being developed in key countries of the Global South, even as more established carbon markets are being strengthened and projected across borders. Will these different trends and markets converge? Can COP29 deliver progress for carbon markets?
Voluntary carbon markets (VCM) will play a critical role in the path to net zero. However, challenges with transparency and integrity represent a major hurdle toward strong and functioning global voluntary carbon markets. Participants were looking to COP28 to provide guidance that would alleviate these lingering issues, but no progress was made at COP. What policy prescriptions and strategies would improve confidence and participation and make for stronger functioning carbon markets?
Join us in a conversation with a trailblazing leader of carbon markets, in a conversation that straddles Riham ElGizy’s personal story and how that influences the “mission mode” impact she is creating for positive climate action, improving livelihoods and being a voice of the Global South. Riham has recently been named as one of the top 100 influencers in Africa (https://100.newafricanmagazine.com/) and has a story to share about building bridges with the Global North as part of the COP process and beyond in the implementation of voluntary carbon markets. Riham champions inclusion by action and does not see limits based on identities. This will be a conversation that explores many aspects of leadership and innovation, while creating impact on a mission mode.