CFA协会发布最新研究：解析自愿碳市场痛点与应对之策

Core Viewpoint - The CFA Institute's latest research addresses the challenges faced by the Voluntary Carbon Market (VCM) and proposes solutions to enhance its efficiency in supporting carbon reduction and removal projects [1][2]. Group 1: Current Challenges in the Voluntary Carbon Market - The VCM is crucial for directing capital towards carbon reduction projects but is currently hindered by systemic challenges, including insufficient market liquidity and inefficient capital allocation [2]. - Factors limiting investment attraction include a lack of trust in the integrity of voluntary carbon credits, insufficient standardization, transaction opacity, concerns over "greenwashing," and high risks and costs [2][3]. Group 2: Proposed Solutions - Increase Transparency: The report suggests enhancing price transparency in VCM transactions through registration bodies and blockchain technology to improve price visibility and traceability, aiding better investment decisions [3]. - Coordinate Standards: Regulatory bodies should harmonize integrity standards for both international and domestic voluntary carbon markets to address fragmentation, particularly regarding the use of additional credits in buffer pools and the handling of permanent loss reserves for carbon reduction projects [3]. - Unify Carbon Pricing: Policymakers are encouraged to integrate compliance carbon markets with voluntary carbon markets to promote unified carbon pricing, thereby narrowing the cost gap between compliance market allowances and voluntary market offsets, which would incentivize carbon removal [3].