WHAT does venture capital have to do with saving the environment? A lot, it seems. At COP27 this month, we have seen many calls to action from governments, with some from companies and financial institutions on the sidelines of the event. In the past few weeks, we have seen the launch of the African Carbon Markets Initiative, and the US announcing a voluntary carbon market scheme to boost investment in developing nations. On the flip side, regulators are planning to heighten their scrutiny of voluntary carbon markets to prevent greenwashing. But, to begin with, what are carbon markets?
In the race towards net zero, one area of immense interest for venture capitalists (VCs) like us is the carbon...
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