Emtec, based in the Exeter Science Park, has been invited to join the Consultative Group of the Taskforce on Scaling Voluntary Carbon Markets. This Taskforce was initiated by Mark Carney, UN Special Envoy for Climate Action and Finance Advisor to UK Prime Minister Boris Johnson for COP26.
This private sector-led taskforce was launched to begin scaling Voluntary Carbon Markets, which need to be grown and consolidated to help meet the goals agreed in the Paris Climate Agreement.
Mark Carney said: “ .. The financial sector can use their expertise in building market infrastructure to create a carbon offset market which connects demand with supply. I am pleased that the experts from across the financial system as well as buyers and sellers of offsets will come together to create a blueprint for such a market. This collaboration could make an enormous contribution to supporting the whole economy transition required to achieve the climate goals that our society demands and future generations deserve.”
The Consultation Period runs from November 10th to November 24th and in January 2021, the Taskforce will issue its final report, including an updated blueprint for a voluntary carbon market and a roadmap to its implementation. Beyond January the Taskforce aims to orchestrate pilots & commitments for implementation, to be shared at the World Economic Forum in summer 2021.
Emtec is working on a UK initiative to deliver offset funds into the hands of professional environmental managers within Local Authorities for both transport transformation and biodiversity projects.
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