ERM has launched a new business, ERM Climate Markets, aimed at assisting companies in investing in carbon credits to address their greenhouse gas emissions and achieve decarbonization goals. As companies set net zero ambitions, the demand for carbon offset projects and related credits is expected to increase significantly. This presents an opportunity for companies to use offsets to bridge the gap in their emissions reduction efforts or to balance unavoidable emissions. However, the market faces challenges with differentiating between high and low-quality projects due to insufficient data.
The head of Climate Markets at ERM, Alex Cox, highlighted the importance of carbon markets in achieving global net zero goals by 2050. He emphasized 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.
Group CEO at ERM 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. With its expertise in climate change adaptation and mitigation strategies and its global network of experts, ERM is well positioned to provide valuable services in this rapidly growing market.