“The voluntary market is valued at about $1 billion this year, and the demand for voluntary carbon credits is expected to grow 15 times by 2030,” emphasized Sunny Trinh, CEO, DevvESG.
“The idea behind carbon credits is sound, but there are major hurdles in producing carbon credits.
Google has been buying them since 2012, and more companies are going to do the same,” he pointed out.
Regarding the rising demand and higher prices for carbon credits, Trinh said, “It could be interesting for investors, because all the experts are saying that the demand and pricing are going to increase significantly over the next several years and continue to do so for quite a while,” he noted.
This may not seem like a big deal, but it is because this nation uses diesel power generators which are very dirty.
Trinh spoke about the industries that have the most need for carbon credits.