Mike Van Patten was recently quoted in a CNBC article on environmental markets entitled “As Carbon Market Stumbles, Other Environmental Markets Succeed“. The article discusses the creation of economic value from natural processes that have critical functions for the human species. Here is a brief quote from the article:
‘Markets like the wetlands mitigation credits—aimed at solving the damage caused to crucial wetlands by industrial and commercial activities—are worth billions and already well-established, says Michael Van Patten, CEO of environmental markets firm Mission Markets.
“As it stands, compared to the compliance carbon markets they’re microscopic,” says Van Patten, comparing the $3.5 billion wetlands credits market to the $20 billion carbon markets in Europe where polluters are required to offset their carbon footprint. “But compared to voluntary carbon (markets), they’re big.”‘
To read more, click here.
– The Mission Markets Team