ERM has announced the launch of its new business, ERM Climate Markets. This new venture aims to help companies invest in carbon credits to reduce their greenhouse gas emissions and achieve their decarbonization goals. As more companies set net zero ambitions, the demand for carbon offset projects and related credits is expected to increase significantly. Carbon markets can provide an opportunity for companies to offset unavoidable emissions or bridge the gap in their emissions reduction efforts. However, the market faces challenges with differentiating between high-quality and low-quality projects due to insufficient data.
Alex Cox, Head of Climate Markets at ERM, emphasized the importance of carbon markets in achieving global net zero goals by 2050. He highlighted that carbon markets also provide opportunities to finance nature and contribute to sustainable development. The new business line will help companies and investors access high-quality carbon credit portfolios aligned with their decarbonization actions, offering social, biodiversity, and economic benefits. The Climate Markets team will work with project developers to provide clients with high-quality carbon project development opportunities that deliver positive climate, community, and ecosystem outcomes. This will help clients de-risk their investments through enhanced due diligence.
Tom Reichert, Group CEO at ERM, stated that as carbon credit strategies gain momentum, ERM Climate Markets is introduced to meet the evolving needs of clients. ERM already works with clients at every stage of their decarbonization journeys, and the new business line will further support companies in achieving their sustainability goals.
In conclusion, ERM’s launch of its new business line aims to assist companies in investing in carbon credits to address their greenhouse gas emissions and achieve decarbonization goals. With more companies setting net zero ambitions, there is a growing demand for carbon offset projects and related credits. However, differentiating between high-quality and low-quality projects can be challenging due to insufficient data. The Climate Markets team at ERM will work closely with project developers to provide clients with high-quality carbon project development opportunities that deliver positive outcomes for people and the planet while also providing economic benefits.
