1、CLIMATE CHANGE AND SUSTAINABILITYHow Forests CanRevitalize CarbonMarketsBy Torsten Kurth,Wade Barnes,Lucyann Murray,Lizzy Coad,Joe Wegener,Nathan Truitt,Lynn Riley,Christine Cadigan,and Calvin TranARTICLE MAY 06,2025 15 MIN READIntroductionVoluntary carbon markets(VCMs)are at a critical juncture.Onc

2、e a key tool for global sustainabilityefforts,they were shaken by a 2023 downturn that eroded trust,weakened credit integrity,and2025 Boston Consulting Group1drove prices down significantly.Without intervention,these markets and their climate impact areat risk.Forests offer a path forward.Nature-bas

3、ed solutions(NBS)could provide over a third of the COmitigation needed by 2030 to stabilize warming at a level below 2C,and forests are among themost scalable and cost effective of these Well-managed forests produce compoundingbenefits:creating diverse revenue streams for landowners and communities,

4、strengtheningecosystems,and supporting broader societal well-being.Yet despite being the largest creditcategory in VCMs,forests remain vastly underutilized relative to their cost-effectiveness,held backby quality concerns,misaligned incentives,and weak market confidence.Unlocking this potential requ

5、ires a shi in approach.Supply-side leadersincluding landowners,project developers,standard setters,verification bodies,and investorscan take decisive action tostrengthen market integrity and ensure that forests deliver robust environmental and financialvalue.Progress is already underway,led by group

6、s such as the Integrity Council for the VoluntaryCarbon Market(IC-VCM)but much work remains.This report,a collaboration between Boston Consulting Group(BCG)and the American ForestFoundation(AFF),outlines three actions that are essential to driving this shi:View forests as assets,not just as credit b