Time to stimulate demand for non-rainforest carbon credits, says CIX product head
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INVESTORS should start stimulating demand for other types of carbon offset options amid a shortage of high-quality carbon credits that are based on forest preservation projects.
Tom Enger, head of product of Climate Impact X (CIX), proposed this on Wednesday (March 9) as he pointed to an ongoing "Cambrian explosion of new technology types" that could count towards carbon credits.
He went on to name a few alternatives "worth considering", including biofuels in transport, methane capture on oil and gas infrastructure or landfill sites, mine mineralisation, renewable energy efficiency projects and new types of carbon sequestered into concrete.
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