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Carbon credits are the system for companies to purchase permits to emit a certain amount of carbon dioxide (CO2) and greenhouse gases (GHGs). Meanwhile, carbon offset purchases continue to decline, including those tied to renewable-energy projects.
XMC Strategies Founder and Managing Partner Talal Debs sits down with Julie Hyman and Akiko Fujita for a conversation about the carbon credit market.
"We actually address the full spectrum of what we call energy transformation, which means that we want to take the existing infrastructure in our country, which has been so productive for many years and help it transform into its future," Debs explains.
"And one of those things is to clean up old oil and gas wells, which are leaking methane into the atmosphere, and one of our portfolio companies, Zefiro Methane (ZEFIF), is focused on doing that and getting that financed through the carbon credit markets," Debs continues.
He elaborates on the fact that retail traders can invest in the company and the broader carbon credit market, while explaining the wide range of carbon credit offerings.
"And the US is usually leaned in the direction of more market factors and less regulation. And I think the carbon markets in version 2.0 will prove that out again rather than legislating a carbon market," Debs tells Yahoo Finance. "What we have in this country is essentially companies that have committed to reduce their carbon footprints through their net zero commitments, and those are global companies."
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This post was written by Luke Carberry Mogan.