Really solid breakdown of stacking vs bundling dynamics. The insight about rePLANET controlling 76% of bundling-friendly projects is pretty telling about market concentration risks. I've seen similar consolidation patterns in early-stage enviromental markets, and it usually leads to pricing inefficiencies until more suppliers enter. The point about narrow buyer mandates makes alot of sense though - most procurement teams I've worked with struggle enough with single-credit evaluation, let alone multi-credit packages.
Thank you. To be honest, it's still difficult to call it *market* control by rePLANET. There needs to be more sales first. What they are doing is developing the market in real time. If they crack it, I have no doubt more carbon heavy weights will follow their playbook and the market share will even out.
A great deep dive into these emerging environmental markets; the overlap between different markets is indeed a source of both risk and opportunity for various stakeholders. It will be interesting to see how policymakers across the world choose to align carbon & biodiversity in the next couple of years, and whether biodiversity credits will remain largely voluntary or transform into compliance/offset markets
Really solid breakdown of stacking vs bundling dynamics. The insight about rePLANET controlling 76% of bundling-friendly projects is pretty telling about market concentration risks. I've seen similar consolidation patterns in early-stage enviromental markets, and it usually leads to pricing inefficiencies until more suppliers enter. The point about narrow buyer mandates makes alot of sense though - most procurement teams I've worked with struggle enough with single-credit evaluation, let alone multi-credit packages.
Thank you. To be honest, it's still difficult to call it *market* control by rePLANET. There needs to be more sales first. What they are doing is developing the market in real time. If they crack it, I have no doubt more carbon heavy weights will follow their playbook and the market share will even out.
A great deep dive into these emerging environmental markets; the overlap between different markets is indeed a source of both risk and opportunity for various stakeholders. It will be interesting to see how policymakers across the world choose to align carbon & biodiversity in the next couple of years, and whether biodiversity credits will remain largely voluntary or transform into compliance/offset markets
Indeed. And very interesting to see how the voluntary BCs will play together with the existing ~$10b compliance/offset biodiversity markets