The voluntary carbon market is critical, but should be secondary to the main focus of reducing carbon intensity in the global economy in every way possible, according to Standard Chartered Group CEO Bill Winters. Carbon credits are certificates representing the quantities of greenhouse gases that have been kept out of the air or removed from it. Companies buy and sell those credits in a voluntary carbon market as a way to offset their emissions — when a credit is claimed, it can no longer be sold.
By Saheli Roy Choudhury. CNBC. September 28, 2021.
