Companies must act now to invest in carbon markets – Environmental Defense Fund, others advocate [Video]

There are heightened calls for more companies around the world to act now in investing heavily in the carbon market for forests restoration to mitigate climate impacts.

The Environmental Defense Fund, international companies and other countries including Ghana and Costa Rica are requesting more corporate institutions that emit more greenhouse gases to purchase carbon credits despite the minute hitches in the sector.

Incentivizing the carbon market has been identified as one of the constant challenges affecting the voluntary carbon market globally.

The global predicament is stemming from disinterest by companies and lack of effective communication between countries putting out their carbon sinks for purchases and the corporate sector.

Managing Director, Corporate Partnerships at Environmental Defense Fund, Elizabeth Sturcken, believes more contributions from the companies could shore up finances in the market.

She indicated that the corporate sector must contribute actively to the market to shape it for a more high-integrity …