Climate Correction™ 2024: Accelerating Global Climate Progress: The Role of Carbon Markets in Restoring Nature and Closing the Climate Ambition Gap

Carbon credit markets are a key market-based solution for accelerating global climate progress while restoring nature and creating a more just world. The Nature Conservancy (TNC) supports effective carbon pricing across the global economy; however, it will take years to build political support in countries across the world. Yet, to meet global climate goals, the Intergovernmental Panel on Climate Change (IPCC) calls for urgent progress today. The goal is a 45% reduction in global emissions by 2030, which is equivalent to eliminating the annual emissions of the United Kingdom every week for the next seven years. In response, companies and governments are ramping up action in a race toward net-zero emissions by 2050.  There is a massive ambition gap between the current pace of decarbonization and the pace needed to reach net zero by 2050. While carbon markets are a key tool in helping close this ambition gap, they have also been subject to criticism. In this session, TNC Managing Director of Carbon Markets Cam Moore will discuss why carbon credit markets are essential to closing the ambition gap, the urgent need to build a carbon markets Version 2.0; and the potential for this enhanced approach to create a cleaner, greener, and more just world.  Speakers Campbell Moore, The Nature Conservancy, Managing Director, Global Carbon Markets Sofia Leon, The Nature Conservancy , Climate Innovation & Fundraising Lead

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