This policy brief provides insights on global VCMs and market infrastructure following a roundtable
held in London on 19 October 2023. The roundtable, hosted at the City of London Corporation’s
Guildhall, was led by Imperial College Business School’s Centre for Climate Finance & Investment and
the Singapore Green Finance Centre, in association with global exchanges and platforms such as the
LSEG, Climate Impact X and Carbonplace, and participation from Foresight Sustainability Forestry and
UBS.
The roundtable focused on the role of market infrastructure in scaling up voluntary carbon markets
(VCMs). It analysed the importance of price discovery, the impact of financial innovation, and the
evolving regulatory trends for global carbon markets, VCMs and compliance. The insights gathered
from this discussion can help shape policy recommendations. They aim to enhance the functionality,
transparency, and effectiveness of VCMs, which are largely recognised as pivotal for decarbonization
efforts and use these new emerging assets and financial instruments as a tool for financing.