Kickstarting VCM crediting for orphan oil wells

Payne Institute Sustainable Finance Lab Program Manager Brad Handler and Student Researcher Anne Welch write about how voluntary carbon market (VCM) credit issuances are getting underway for plugging orphan oil wells. Having the credits in hand will now let developers educate and get feedback from buyers and others in the ecosystem—a critical step in establishing the activity as a credible and attractive source of carbon offsets.  November 20, 2024.