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Climate

State of the Voluntary Carbon Markets 2014

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By Molly Peters-Stanley, Gloria Gonzalez
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28 May 2014 | Washington, D.C. | In a bid to reduce their impact on greenhouse gas emissions, corporate leaders like Chevrolet, Marks & Spencer, and Allianz continued to voluntarily purchase carbon offsets in 2013, locking 76 million metric tonnes of greenhouse gases out of the atmosphere, according to the annual State of the Voluntary Carbon Markets report, previewed by Forest Trends’ Ecosystem Marketplace this week in Cologne, Germany.

These and other diverse actors paid $379 million for carbon offsets to neutralize emissions that they couldn’t directly reduce. This value supports hundreds of environmental projects, particularly those that reduce or avoid deforestation (“REDD”), install wind energy, or distribute cleaner-burning cookstoves in the developing world.

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