Data and information giant Bloomberg has collaborated with benchmark provider General Index to bolster its voluntary carbon market (VCM) coverage, offering Bloomberg Terminal users access to more than 200 voluntary carbon price indexes. The expanded dataset includes transparent carbon credit ‘price baskets’ offering pricing insights. The assessment range features 69 spot prices and 133 spread and rolling average price indexes, providing greater granularity on some of the most liquid markets and geographies for VCMs. “Increased volatility due to macro and geopolitical events will continue to drive investor demand for commodities price transparency and market intelligence particularly focused on evolving markets like voluntary carbon,” said Emilie Gallagher, Global Head of Commodities, FX and Macroeconomics at Bloomberg. “Bloomberg has been covering carbon markets for over a decade and we’re very pleased to continue our strategic collaboration with General Index to provide Bloomberg Terminal customers with access to VCM information.” In January, Bloomberg purchased VCM data and analytics firm Viridios AI from its parent company, increasing the carbon markets data and analytics available to Bloomberg customers. Separately, an Octopus Investments survey of 300 senior decision-makers at UK businesses with more than 250 employees found that only 42% correctly defined what carbon credits are. The report stated that 92% of leaders are optimistic about achieving their net zero targets, with carbon credits needing to offset 10% of emissions on average. “The VCM remains nascent, and many decision-makers lack awareness of the role carbon credits play in truly achieving net zero goals. This 92% optimism may signal overconfidence given the market’s complexity,” the report said.
