Scaling Carbon Markets
Summary
Capital must flow into the environment at scale to deliver climate action.Efficient financial markets allocate and manage risk based on effective price mechanisms, and this relies on access to credible information. In other words, market participants now have a risk reference point for more than one in every two credits circulating in the VCM.Our subscription-based platform contains our full ratings assessments and analytics features. We see the what as a service to the market, and the why as the added value we bring to our clients.Maintaining and covering so many projects is thanks to the outstanding work of Dr Kirti Ramesh and her team of ratings analysts. And once live, our ratings are dynamic and require constant maintenance.But time, as everyone that creates research knows, is no measure of acumen.Thats why we are investing so deeply in data science, remote sensing and engineering systems, ground truthing networks, macro and micro-economic frameworks, leveraging academic reviews, and ensuring our analysts challenge each other via constant debate, to ensure collective agreement for every project we publish.Much of our internal work is spent identifying the natural networks in our processes that benefit from automation or machine learning, and maximising the use of human capital to add analytical value.We are not the finished article, nor will we ever be. And the above is just to name a few; there are many more all striving to translate policy-science-finance into that all so necessary risk language.Hiring top talent is hard, especially when there is no precedent for half the job titles we are hiring for.It requires a board of directors willing to invest, and colleagues making the call to leave established career paths, in settled industries, where their mortgage is secure or their platform is already credible, to join a new company in a new sector with everything to play for.Thankfully, building the risk language and information rails for a new climate economy is a prize worth aspiring for.Looking ahead, its all about product delivery, execution, and building confidence in the VCM.