Shell Voluntary Carbon Market Reports
In a series of reports we look at the future of the voluntary market, what that could mean for businesses, and the steps Shell has taken to help ensure high-quality carbon credits.
The voluntary carbon market: 2022 insights and trends
A new report from Shell and BCG on the development of the voluntary carbon market over the last two years. Drawing on surveys and in-depth interviews with over 200 environmental and sustainability leaders, we identify key trends shaping the market today and set out some of the arguments around the trending topics.
Outlook on the voluntary carbon market
Any company鈥檚 decarbonisation strategy must start with avoiding and reducing emissions in its operations and supply chains. However, carbon markets and the ability to offset emissions is also a vital part of the solution. Through such measures, businesses and consumers are able to put a price on their emissions, make choices about how to best tackle them, and to provide an effective source of financing to net-zero, and even negative, emissions solutions.
To better understand the current sentiment towards carbon offsets, as well as the associated hurdles the voluntary market needs to overcome, we surveyed more than 100 sustainability managers across industries and geographies. Based on these insights, we have outlined potential future market characteristics and scenarios for growth.
A strategic approach to using carbon credits
Building on the insights of 鈥淎n outlook on the voluntary carbon market鈥�, this report sets out a practical approach to participating in the voluntary carbon market.
We share market knowledge and experience gleaned from over 100 interviews, presenting a framework for companies as they develop offsetting strategies.
The report addresses some of the key questions businesses are asking today:
- How might carbon credits fit into my wider decarbonisation plan?
- What鈥檚 the best procurement strategy for me, and when?
- What鈥檚 the best operating model for using carbon credits?
Ensuring high-quality nature-based carbon credits
Nature-based solutions can make an important contribution to our ambition to be a net-zero emissions energy business by 2050, or sooner. We are investing in protecting and restoring natural ecosystems, to both help restore the natural world and its rich biodiversity, and offer a medium-term solution for balancing emissions that cannot be immediately abated. Through this report, we share what we have learnt over the past few years while doing this. We have also tried to provide an overview of the steps we take to ensure real and verifiable credits, in addition to the important work being done by the certification standards and project developers. We hope that this can help support efforts for consistent application of high standards across the market.