8 Climate Market Predictions for 2024 by senken

2023 was a roller coaster ride ?? in #climate. We think 2024 will be completely different. Here are 8 Climate Market Predictions for 2024 by senken founder Adrian Wons :

?? 1. Biodiversity Credits

The concept of biodiversity credits is gaining traction as a means to incentivize the preservation and restoration of biological diversity. The first-ever certified biodiversity credit will be sold. Savimbo , Cercarbono , ValueNature , Terrasos , Verra

? 2. Convergence of Standards of Standards

Unlike the previous year, with massive fragmentation, we see standards aligning their methodologies. This unified approach aims to streamline processes, reduce confusion, and will lead to #6. SBTI , VCMI , The Integrity Council for the Voluntary Carbon Market (ICVCM) , Gold Standard

???? 3. Decarbonizing Fertilizer

>5% of global emissions stem from synthetic fertilizers. A sector is ripe for decarbonisation. We will see more innovation happening here. Kula Bio , Pivot Bio , Nitricity

?? 4. More Nature-Based Removal Solutions

Biochar had its year to shine and will continue to grow. The success will swap over to other nature-based removal solutions like enhanced rock weathering, soil carbon, blue carbon, and next-gen forestation. Lithos Carbon , Eion Carbon , ReSeed.farm , Living Carbon , Vesta , Planetary , UNDO , Exomad Green , Klim

?? 5. More dMRV

A lot happened last year in dMRV. Still, this year dMRV will be important as always since removal projects will be under more scrutiny than before (i.e. recently first BeZero Carbon Ratings for Biochar & DAC). dClimate , SustainCERT , Yard Stick PBC , Everest Carbon , Seqana , Perennial , FarmLab , AgriProve , Agreena , The Landbanking Group , Klim

?? 6. Carbon Credit Offtake Agreements

As companies' net-zero goals come closer but are still in the future, they emphasize long-term carbon credit strategies aligned to their climate goals after getting clarity from, e.g., SBTi, to hedge against pricing risk. (Senken - that's where we come in with some great new clients and tools) but also Patch , CUR8 & more

?? 7. More Climate Adaptation Startups

With the growing impacts of climate change, startups focusing on climate adaptation will become more prevalent. These companies will likely offer innovative solutions for resilience and adaptation across various sectors. Floodbase & more

?? 8. Carbon Accounting Reloaded

New regulations like the CSRD are coming into effect this year, and for even more companies next year, many are looking for partners to support them. This also will lead to an increase in #6. Sustaind , Envoria , Ideagen Carbon Accounting

If you see what I see (or think I am not seeing it correctly), please let me know!