New ERM Climate Markets Business Line Offers Carbon Credit Solutions for Decarbonization Goals
ERM Climate Markets, a new business line launched by ERM, aims to help companies achieve their decarbonization goals by investing in carbon credits. As the demand for carbon offset projects and related credits increases significantly with companies setting net zero ambitions, this is an opportunity for companies to use offsets to bridge the gap in their emissions reduction efforts or balance unavoidable emissions. However, the market faces challenges with differentiating between high and low-quality projects due to insufficient data.
Head of Climate Markets at ERM, Alex Cox, 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.
ERM CEO Tom Reichert 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 ERM Climate Markets provides a valuable solution for companies looking to invest in carbon credits to address their greenhouse gas emissions and achieve decarbonization goals. With increasing demand for carbon offset projects and related credits expected in the future, this new business line offers an opportunity for companies to use offsets effectively while ensuring they are investing in high-quality projects that deliver positive outcomes for communities and the environment.
