The controversial climate tool funding real change | Sandeep Roy Choudhury

Sandeep Roy Choudhury advocates for carbon credits as a practical financial tool to address climate change, particularly in vulnerable communities. He clarifies that one carbon credit represents one ton of carbon either removed, reduced, or avoided, verified by third-party audits. Choudhury uses the example of a mangrove restoration project in Indonesia to illustrate how carbon credits can provide immediate funding, bypassing slow-moving public climate finance. He addresses criticisms of carbon markets by acknowledging past failures but emphasizes the importance of risk management and buffer credits. Choudhury argues that carbon markets enable polluters to directly fund climate action and highlights the cost-effectiveness of carbon reduction in Southeast Asia compared to Europe.