Voluntary buyers around the world paid to offset the equivalent of 84.1 million (M) tonnes of carbon dioxide in 2015, a 10% increase from 2014, led by private-sector companies taking proactive steps to reduce emissions ahead of regulation, according to a new report from Forest Trends’ Ecosystem Marketplace (EM).
The EM report, Raising Ambition: State of the Voluntary Carbon Markets 2016, shows that while the world’s nations prepared for the historic Paris Agreement on climate change last year, individuals, corporations, and state and national governments used voluntary carbon markets to ramp up their own climate action.
Figure: Historical Market-Wide Voluntary Offset Transaction Volumes
SELECT MEDIA COVERAGE
- Voluntary carbon trade rises 10% in 2015 but prices fall to all-time lows -report – Carbon Pulse (subscription)
- Low prices, but high hopes for the voluntary carbon market – Environmental Finance (subscription)
- Winners of Environmental Finance’s Voluntary Carbon Market Rankings see lower prices but remain bullish – Environmental Finance
- Voluntary carbon markets show steady growth as Paris reframes climate action – Eco-Business
- Carbon price crash deals blow to Colombian ambitions – Development Finance