Redshaw Advisors winners in Environmental Finance Voluntary Carbon Market Awards 2020
Redshaw Advisors have been frequent winners in the mandatory carbon categories of Environmental Finance’s annual market rankings, but this year is the first time we have picked up an award in the Voluntary Carbon Market (VCM), winning Best Trading Company and runner up for Best Advisory Company.
The EF Awards supporting article has reported strong growth in the VCM. The sector is reporting little effect from Covid-19 as momentum persists. The prelude to Covid- 19 was record volumes in late 2019 and the early months of 2020. As expected, there was a pause in growth in the early months of the pandemic, however Verra reported the second highest Verified Carbon Standard (VCS) issuance in May and June as confidence returned.
The awards publication highlighted some projects seeing prices rise by 20%-30% during the past 12 months. Prices were also positively impacted late in 2019, as both Verra and Gold Standard-another voluntary standards provider- announced that they will not accept new renewable projects from January 2020, except those in least developed countries (LDCs).
Redshaw Advisors added that “finding a way to make pricing more transparent would also reduce the confusion and suspicion many have of the unregulated VCMs. This transparency would also reduce opportunities for profiteering within the supply chain, which will increase trust in the market from those investing and those developing projects.
We are putting a lot of effort into transparent pricing and this will ultimately result in projects receiving the majority of the income from corporate offsetting activities.”
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Head of Carbon Offsetting
Tel. : 02036371055