Unlocking PotentialBy Kelley Hamrick, Melissa Gallant View Publication
As of 2016, offsets equivalent to 1.1 billion metric tonnes of carbon dioxide emissions (BtCO2e) have been transacted voluntarily – through sales to governments, companies, and individuals as well as intermediary brokers – according to the latest annual State of Voluntary Carbon Markets report from Forest Trends’ Ecosystem Marketplace. Entitled “Unlocking Potential,” the new report and its two accompanying mini-reports find that:
- – Voluntary buyers in 2016 paid $191.3 million (M) to offset 63.4 million metric tonnes of CO2 (MtCO2e);
- – Concerned citizens, corporations, and sub-national governments voluntarily purchased carbon offsets from projects that reduce emissions through forest protection, renewable energy, and other means;
- – Demand for offsets did not meet supply, as transaction volumes on the voluntary markets shrank 24% from 2015 to 2016 and 56.2 MtCO2e were left unsold – some from previous years.
Two companion mini-reports take a closer look at two aspects of the voluntary carbon market. The Regional Analysis examines the geography of voluntary carbon markets – where offsets are produced, how prices, project types, and standards vary by location, as well as developments shaping the carbon market in each region. The Buyer’s Analysis looks at who buys offsets, where they are located, why they buy offsets, and how they choose which offsets to purchase.
FOREST TRENDS AT #INNOVATE4CLIMATE PITCH HUB
Watch the webinar
Tuesday, October 31, 2017 – Webinar on the Buyers Analysis
Tuesday, June 6, 2017
Wednesday, June 7, 2017
December 5, 2017, 3:45-4:45 pm: State of Forest Carbon Finance: Voluntary Forest Carbon Markets
Lead report author Kelley Hamrick shares key findings, with guest commentary from Christiaan Vrolijk of Natural Capital Partners, Claire Wigg of ZeroMission, and Julian Ekelhof of CO2OL.
Tuesday, January 9, 2018, 7-8 pm EST / Wednesday, January 10, 0:00 – 1:00 am GMT, 11 am – 12 pm AEDT:
Lead author Kelley Hamrick presents Oceania offsetting trends from our new reports, and the following panelists provide on-the-ground insights about what is happening in Australia, New Zealand and the Pacific Islands: Ollie Belton of Carbon Forest Services, Tim Moore of Biodiverse Carbon Conservation, and Sean Weaver of Ekos.
Tuesday, January 16, 2018 2018, 1 – 2 pm EST, 6 – 7 pm GMT:
This webinar presents offsetting trends in Latin America based on our new reports (State of Forest Carbon Finance 2017and State of the Voluntary Carbon Markets 2017). The following panelists will provide on-the-ground insights about what is happening in Colombia and Mexico:
• Mariana Ayala Calva of MÉXICO2,
• Roberto Gómez Charry of Fundación Natura, and
• Gareth Turner of Numerco.
Tuesday, January 23, 2018 at 5-6 pm GMT, 12-1 pm EST:
In this webinar, we present carbon offsetting trends in Canada and the United States from our new reports, and the following panelists provide on-the-ground insights about what is happening in Alberta, British Colombia, California, Oregon, Washington, and more:
• Phil Cull of NatureBank,
• Bill Drumheller of Washington, Department of Ecology, State of Washington,
• Alastair Handley of Carbon Credit Solutions, and
• Sheldon Zakreski of The Climate Trust.
SELECT MEDIA COVERAGE
- Report: Carbon Markets Contribute to Global Climate Action Efforts, But Need a Boost – Triple Pundit
- Corporate Boards Increasingly Fear Climate Change, Look To China For Climate Leadership – The Huffington Post
- Voluntary carbon trade tumbles 25% as Paris Agreement clouds future role -report – Carbon Pulse (subscription)
- Can This Swiss Feed Supplement Do For Cows What Tesla Is Doing For Cars? – Ecosystem Marketplace
- Unlocking Carbon Market Potential In a Post-Paris World – Ecosystem Marketplace
- New Research Continues to Debunk Old Myths on Carbonoffsetting – Ecosystem Marketplace
- Climate Trust Sees $5 Billion New Demand for North American Offsets through 2030 – Ecosystem Marketplace
- How Individuals Move the Needle By Buying on Voluntary Carbon Markets — (Triple Pundit)
We also would like to thank the following organizations for their support: