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Voluntary Carbon Markets
Noun
The commodity markets relating to the voluntary purchase of carbon reduction or removal
💡To Note:
The voluntary carbon markets are largely driven by two forces:
Institutions (e.g. Businesses) purchasing carbon offsets as part of their sustainability plans
"Carbon Traders", who purchase carbon offsets at one price, whilst hoping to sell them a a higher price later on
Within the industry, most people shorten the term to "VCM"
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