Building BridgesBy Kate Hamilton, Milo Sjardin, Molly Peters-Stanley, Thomas Marcello - Ecosystem Marketplace, New Energy Finance, Ecosystem Marketplace, Bloomberg View Publication
In 2010, the prospects for US federal climate change legislation have declined significantly while the economic recovery seems to be well underway. As a result, this year may see a relative shift away from the pre-compliance market and back towards the ‘pure’ voluntary markets, as was the case in previous years.
Survey respondents were highly positive about the prospects for the global voluntary markets and collectively believe transactions will increase to approximately 400 MtCO2e in 2012, 800 MtCO2e in 2015 and 1,200 MtCO2e in 2020. Whether this growth will actually be achieved remains to be seen, it does demonstrate a strong sense of optimism for future activity in the voluntary marketplace.