NOTE: This article has been reprinted from Ecosystem Marketplace’s Forest Carbon newsletter. You can receive this summary of global news and views from the world of forest carbon automatically in your inbox by clicking here.
30 September 2011 | The big day is finally here. After months of investigation and analysis the State of the Forest Carbon Markets 2011: From Canopy to Currency has been released. This is Ecosystem Marketplace’s second annual report giving readers an in-depth look at what’s happening in today’s market, and what might be happening down the road.
The take aways from this year’s report are sure to generate some discussion, and here are some of the findings to whet your appetite: First, 2010 marked a dramatic increase in the volume and value of credits, dramatically outpacing the market activity we observed in our last State of the Forest Carbon Markets report that covered transactions up to mid-2009. The 2010 surge in credit generation has been fueled to a great extent by large Reduced Emissions from Deforestation and Forest Degradation (REDD) projects.
The increasing entry of the private sector as project developers, investors, and buyers is also bringing new blood into the market and may hold a host of new implications for the future of the forest carbon markets as well as their perception in the broader climate policy discourse. From a rising secondary market to a strong boost in volumes due to forward contracting brought about in no small part by newly minted forest carbon methodologies, this report uncovers a host of interesting developments.
Project developers and market players looking into the future were optimistic about market growth, but few predicted the market would reach its current size and even fewer seemed to sense the scale of credits now being developed by hundreds of projects in the pipeline.
The State of the Forest Carbon Markets 2011 is public and freely available thanks to support from the report’s Premium Sponsors – Wildlife Works Carbon, ERA Ecosystem Restoration Associates Inc., and the World Bank BioCarbon Fund – and Sponsors – Ecotrust, Face the Future, Forest Carbon Group, Det Norske Veritas, and Baker & McKenzie.
For the full story, get a copy of the State of the Forest Carbon Markets 2011 report here.
As always, read on for all the headlines and more in this, the latest edition of Ecosystem Marketplace’s Forest Carbon News Brief
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—The Ecosystem Marketplace Team
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