At the recent climate conference CoP29, the world agreed on the rules of international carbon markets.

Carbon credits stand as the only climate finance instrument to achieve significant scale. When implemented effectively, they have the potential to unlock hundreds of billions of dollars in investments, driving impactful emission reduction projects worldwide.

However, carbon credits come with several inherent paradoxes. If we fail to address these, we will remain stuck in the same recurring controversies.

Will carbon credits scale again? Yes, if we get the paradoxes right!