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Voluntary Carbon Offsetting Hits Three-Year High on US Action, Wind Farms, and Clean Development

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The market for voluntary carbon offsetting hit a three-year high in 2011, transacting more than $576 million of offsets, second only to 2008’s record $776 million. This finding comes from the 6th State of the Voluntary Carbon Markets report, released today at Carbon Expo in Cologne, Germany by Forest Trends’ Ecosystem Marketplace initiative in partnership with Bloomberg New Energy Finance. Among the report’s most surprising findings are a significant increase in demand from buyers in the US and major changes in the mix of offsets capturing market share, such as record sales of offsets from Asian wind farms and the coming-of-age of clean development projects in Africa.