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(Kitco News) - Blue Dot Carbon Co-Founder and CEO Christian Milau is excited by the size of the opportunity in the carbon credit market.
In February Milau spoke to Kitco at the Mines And Money Miami show.
Blue Dot is a carbon credits company. Carbon credits offset pollution, such as an airline seeking to balance carbon emissions from burning jet fuel. An offset can be reforestation or direct air carbon capture and storage.
According to The World Bank, the estimated value of the voluntary carbon market in 2021 was $1 billion. The market is set to grow. According to a study by BloombergNEF, the trade in carbon credits could reach $1 trillion by 2030.
Before co-founding Blue Dot with Sandstorm Gold Royalties CEO Nolan Watson, Milau was the CEO of Equinox Gold. Milau said he was lured away from Equinox due to the potential for growth in the carbon credit market.
"It's a real opportunity...a trillion-dollar market isn't small," said Milau.
He compared the size of the carbon credit market with the gold market, which has roughly $200 billion in annual revenue. Given expected growth, carbon credit market could be four to five times the size of the gold market, noted Milau.
Coverage of Mines And Money Miami sponsored by Snowline Gold.
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