On Thursday June 20th, Maneuvering the Mosaic will launch in Washington, D.C. The event, hosted by Baker & McKenzie, will take place from 4:30-6:00PM and will be followed by a reception. This year’s State of the Voluntary Carbon Markets Report highlights key forestry-related developments such as a heightened demand for carbon offsets from forestry projects certified to the VCS and CCB as well as an increase in afforestation/reforestation projects.
This article was originally published in the Forest Carbon newsletter. Click here to read the original.
19 June 2013 |The voluntary carbon market grew 4% in 2012, offsetting 101 million metric tonnes of greenhouse gas emissions and transacting more than $523 million, according to the
Other key conclusions from the report include:
- Market value decreased 11% to $523 million as offset prices fell slightly for several popular project types
- 90% of offset volumes were contracted by the private sector – where corporate social responsibility and industry leadership were primary motivations for offset purchases.
- Demand surged for carbon offsets from forestry projects certified to the Verified Carbon Standard (VCS) and Climate, Community and Biodiversity Standards (CCB).
- Voluntary support for afforestation/reforestation projects climbed once more to a transacted volume of 8.8 MtCO2e as demand for forestry and land use activities grew.
- Demand for credits from REDD projects fell by 8% to 6.8 MtCO2e in 2012. Even so, the volume of credits contracted from REDD projects that are or aspire to be certified to both the VCS and the CCB more than doubled – as demand for this combination of certifications grew market-wide.
- Asia saw forestry, energy efficiency, and fuel switching offsets grow significantly in market share. Overall, the region saw a 4% increase in the volume of offsets supplied, while their average price fell by 9% to $3.5/tCO2e.
- New Zealand’s forestry-dominated market fell by more than 50% in voluntary transaction volume in the shadow of its compliance market.
- The volume of offsets transacted in Latin America was relatively stable in 2012 at 7.2 MtCO2e despite a fall in average price, with forestry still driving the bulk of domestic project development.
The full report is scheduled to launch on June 20 in Washington, DC. The event, hosted by Baker & McKenzie, will take place from 4:30-6:00PM and will be followed by a reception. To attend, please RSVP to
We look forward to seeing you there!
—The Ecosystem Marketplace Team
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