Goldman Sachs: Carbon Offset Markets Are About To Take Off

Last year, the Intergovernmental Panel on Climate Change (IPCC) published a report that global financial flows into climate solutions are currently 3-6x lower than the levels required for the world to meet its climate goals by 2030. According to the IPCC, the planet needs to cut annual greenhouse gas emissions by 29-32 gigatonnes, or 45%, of equivalent carbon dioxide (CO2e) by 2030 if it’s to keep average global temperature rise less than 1.5°C above pre-industrial levels. Luckily, climate experts are now predicting that one segment of…