Reviews
I found it hard to accept the idea. Are there economic actors who would voluntarily put themselves in the “shackles” of carbon allowances? Have they lost their minds? A carbon allowance is, in a word, regulation. It grants a right to emit carbon that had previously been released freely, meaning you now have to pay to obtain that right. An activity that cost nothing has become one that costs money. So it seemed strange that anyone would accept such a restriction on their own. But by the end of
The world’s first voluntary carbon-offset project began in 1989, when the U.S. electric utility AES Corp. launched it for environmental protection and marketing. The agroforestry project in Guatemala planted 50 million pine and eucalyptus trees to offset greenhouse gases produced during electricity generation. It began with the idea of offsetting emissions from power production through reforestation. (-6-) The global carbon market took shape after the UN Framework Convention on Climate Change
The UN is strengthening carbon regulations to prevent climate disasters caused by global warming. The situation is serious enough that humanity’s very survival could be at stake, so countries are working together on countermeasures. There are many approaches to carbon regulation, but I hadn’t heard much about “voluntary carbon markets.” The term refers to a market where companies or individuals with no obligation to reduce emissions buy and sell carbon credits to cut emissions without a legal
This may be one of Korea’s weakest areas. Many sectors are changing quickly through shifts in awareness and the creation of concrete systems and institutions, yet carbon and carbon markets—and the environmental factors connected to them—still feel insufficiently understood and hard to relate to in daily life. This book offers a concise discussion of carbon markets and regulation, natural phenomena, and environmental issues. It focuses mainly on global carbon markets, so readers can learn from a
If you’re interested in the environment, take a look at this book, Voluntary Carbon Market Digest. Its cover describes it as the first Korean book to map the global voluntary carbon-market structure and provide detailed introductions to 141 overseas companies participating in voluntary carbon markets. It was written by Kim Tae-sun, Korea’s only carbon-emissions market analyst and an investment strategist. You may have heard of emissions trading. Carbon markets are divided into compliance and
For individuals, it may not be a major factor... In fact, it isn’t a big issue or problem for most individuals. I agree that carbon emissions need to be reduced overall, but when I ask whether people would change their way of life right now, I’ve hardly met anyone who says yes. And the reduction in emissions from any one individual’s actions is very small. On the other hand, for companies, a time is gradually approaching when whether they participate in carbon markets could change the company’s
Kim Tae-seon: Voluntary Carbon Market Digest
Climateflation—the combination of climate change and inflation—is becoming alarming. The word describes how the climate crisis, which is raising global average temperatures and sea levels, is also driving up prices. The appearance in spring 2024 of apples costing more than 10,000 won each is connected to the climate crisis. This won’t be limited to apples. To manage climate risks caused by climate change, the government announced its 2030 Nationally Determined Contribution (NDC) and 2050 carbon-neutrality roadmap. Major countries, especially in Europe, are operating carbon markets to meet these goals. Carbon markets are broadly divided into government-led compliance markets and private voluntary markets. Compliance markets cover a substantial share of global emissions, but voluntary markets are also needed to achieve the ultimate goal of carbon neutrality. They are flexible enough to support a range of greenhouse-gas reduction projects. Around the world, voluntary carbon markets are active in projects beyond the Clean Development Mechanism (CDM), including nature-based projects such as afforestation, reforestation, and biodiversity. Korea’s carbon market opened in 2015. In January 2023, the Korea Chamber of Commerce and Industry launched its Carbon Reduction Certification Center, and in March 2024 the Voluntary Carbon Market Association was established. A voluntary carbon market is a private market where individuals, companies, governments, and nonprofits with no emissions-reduction obligation participate for social responsibility and environmental protection. This book by one of Korea’s leading carbon-market experts explains the global voluntary carbon market and helps readers strategically consider the direction Korea’s own voluntary market should take.
Korean title: 자발적 탄소시장 다이제스트
Korean author: 김태선
Korean publisher: 두드림미디어
ISBN-13: 9791193210789
Reviews
I found it hard to accept the idea. Are there economic actors who would voluntarily put themselves in the “shackles” of carbon allowances? Have they lost their minds? A carbon allowance is, in a word, regulation. It grants a right to emit carbon that had previously been released freely, meaning you now have to pay to obtain that right. An activity that cost nothing has become one that costs money. So it seemed strange that anyone would accept such a restriction on their own. But by the end of
The world’s first voluntary carbon-offset project began in 1989, when the U.S. electric utility AES Corp. launched it for environmental protection and marketing. The agroforestry project in Guatemala planted 50 million pine and eucalyptus trees to offset greenhouse gases produced during electricity generation. It began with the idea of offsetting emissions from power production through reforestation. (-6-) The global carbon market took shape after the UN Framework Convention on Climate Change
The UN is strengthening carbon regulations to prevent climate disasters caused by global warming. The situation is serious enough that humanity’s very survival could be at stake, so countries are working together on countermeasures. There are many approaches to carbon regulation, but I hadn’t heard much about “voluntary carbon markets.” The term refers to a market where companies or individuals with no obligation to reduce emissions buy and sell carbon credits to cut emissions without a legal
This may be one of Korea’s weakest areas. Many sectors are changing quickly through shifts in awareness and the creation of concrete systems and institutions, yet carbon and carbon markets—and the environmental factors connected to them—still feel insufficiently understood and hard to relate to in daily life. This book offers a concise discussion of carbon markets and regulation, natural phenomena, and environmental issues. It focuses mainly on global carbon markets, so readers can learn from a
If you’re interested in the environment, take a look at this book, Voluntary Carbon Market Digest. Its cover describes it as the first Korean book to map the global voluntary carbon-market structure and provide detailed introductions to 141 overseas companies participating in voluntary carbon markets. It was written by Kim Tae-sun, Korea’s only carbon-emissions market analyst and an investment strategist. You may have heard of emissions trading. Carbon markets are divided into compliance and
For individuals, it may not be a major factor... In fact, it isn’t a big issue or problem for most individuals. I agree that carbon emissions need to be reduced overall, but when I ask whether people would change their way of life right now, I’ve hardly met anyone who says yes. And the reduction in emissions from any one individual’s actions is very small. On the other hand, for companies, a time is gradually approaching when whether they participate in carbon markets could change the company’s
