This co-hosted event at New York Climate Week showed what it takes to harness the power of markets and deliver real impact, today. It was convened by the Integrity Council for the Voluntary Carbon Market (ICVCM), the Global Carbon Market Utility (GCMU), and the Voluntary Carbon Markets Integrity Initiative (VCMI), supported by Bloomberg Philanthropies.

Wall Street Journal – Voluntary carbon markets are getting the backing of some of the world’s leading economists, policymakers and philanthropists, as businesses search for ways to meet their climate goals and move funds to developing countries.

Politico – Climate Week is holding its first ever “VCM Day” on Wednesday, sponsored by Bloomberg Philanthropies and featuring Deputy Treasury Secretary Wally Adeyemo and U.N. Environment Programme Executive Director Inger Andersen along with other corporate and government officials.

TIME – The voluntary carbon market can play a critical role. It can provide finance for a wide range of emissions reduction and removal projects in the places that need it most, and a way for businesses to be more ambitious, and go beyond their all important decarbonization efforts.

The explosive growth of carbon markets hasn’t been free of controversy, from corresponding adjustments and quality concerns and jurisdictional challenges. In the panel session held at Bloomberg Green in COP 27, the future of carbon markets was discussed.