Carbon Credit Set to Explode 20-Fold by way of 2030, Says Ex-Goldman Sachs Strategist
The carbon credit market really is like, “a commodity that’s going to touch every single economic activity,” Josh Crumb, founder of Abaxx Technologies and Base Carbon. “We need to grow energy production,” he tells our Daniela Cambone, saying it comes down to energy security and energy poverty, and the carbon credit market is an offset of resources, reducing the overall carbon in our economy. The scale of investment into the carbon credit market could reach as high as 20-fold by the end of the decade, he states. When discussing the road to this predicted astronomical increase, Crumb says that, “just like any other commodity, there’s going to be a path towards development.” He concludes that, “trying to create some sort of moral judgement on the activity,” whether it be heating your home, driving your car or running blockchain technology, is not a good way of envisioning a sustainable future; but instead, if carbon is released on one side of the globe, a forest is planted on another side.
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