Categories: General News

by Gabriel Klaasen


Categories: General News

by Gabriel Klaasen


View this email in your browser

State of Voluntary Carbon Markets Report 2020

Voluntary Carbon and the Post-Pandemic Recovery
A Special Week NYC Installment

In response to strong interest from respondents and other stakeholders, we are excited to announce that we've published the first installment of the State of Voluntary Carbon Markets 2020 report.

"Voluntary Carbon and Post-Pandemic Recovery," was launched at the IETA Carbon Forum North America Virtual Series, kicking off Climate Week NYC, and will be followed up with additional EM Insights on the State of Voluntary Carbon Markets in the subsequent weeks and months.

Download now from the Ecosystem Marketplace Carbon Hub. Several small edits were made to the report on September 23, 2020.  If you downloaded the report prior to that, we’d encourage you to refer to this updated version.

What are we seeing in the voluntary markets? Companies worldwide are taking steps to eliminate greenhouse-gas emissions from their operations. In order to deliver deep and cost-effective reductions now, many companies have pledged to become carbon-neutral in the near term by financing emission-reductions elsewhere, or, in climate parlance, “offsetting” any emissions they can’t yet eliminate. As a result, we are seeing record volumes being transacted in the voluntary carbon markets, despite the global COVID-19 pandemic. 

This installment also highlights emerging market trends, including new initiatives to guide rapid and responsible market growth, whether demand could exceed supply in the coming years, and outlook for jurisdictional REDD+.

More Key Findings

  • Corporate carbon-neutral pledges fueled a record transaction volume of at least 104 MtCO2e in 2019, which is an increase of 6 percent over 2018. [These are preliminary figures and may be adjusted with data from new respondents.]
  • Volume has been surprisingly strong in 2020. Anecdotal evidence based on interviews with market participants indicates it may even exceed that of 2019, despite the COVID-19 pandemic. Broader pledges have compensated for the loss of volume from the aviation and tourism sectors.
  • Average offset prices remained flat in 2019, but with wide variance by type. Prices for offsets associated with Agriculture, Forestry and Land Use (AFOLU), sometimes referred to as Nature-Based Solutions and Natural Climate Solutions, for example, increased 30 percent, while prices for offsets from Renewable Energy decreased 16 percent.
  • Price and volume moved in opposite directions for these leading offset types. AFOLU volume dropped 28 percent and Renewable Energy volume surged by 78 percent.
  • Despite the lower volume, the market value of AFOLU offsets was more than twice that of Renewable Energy, and demand for offsets associated with forest management in developing countries (i.e., REDD+) remains especially strong.
Download the installment now.
Share Share
Tweet Tweet
Forward Forward
About the EM Carbon Survey
Every year since 2006, Forest Trends’ Ecosystem Marketplace initiative has tracked, through its globally-recognized survey, what would otherwise be an opaque voluntary carbon market. This work has served as a consistent and comprehensive price discovery mechanism, while at the same time shedding light on the active project developers and intermediaries, thus answering fundamental questions about market dynamics, supply, and demand.

The information and insights presented in this installment is based on 152 organizations' responses to Forest Trends’ annual 2020 Ecosystem Marketplace Carbon Survey cycle, which is based largely on confidential carbon market transaction data and sentiments. This represents a 24 percent increase in total respondents from last year. 

Over the coming weeks and months, Ecosystem Marketplace will provide additional installments of the State of Voluntary Carbon Markets 2020. Stay tuned!

With warm regards,

The Ecosystem Marketplace team

Thank you to our Strategic Supporters!

Our work would not be possible without generous support from our sponsors. We are currently seeking sponsors for future editions of this newsletter. Click here to email us about sponsorship and advertising.

Contact us to learn more about becoming a Strategic Supporter
Click here to donate to Forest Trends

Peter Atkins Cell phone: +27 (74) 104 2944


Subscribe to our free newsletter.

Business Report 1 July 2012. Optimal Energy chief executive Kobus Meiring is a disappointed man. The company is the developer of South Africa’s electric car but it officially closed on Friday with the loss of about 60 jobs. This follows its failure to get further funding from the government and the Industrial Development Corporation (IDC)...

Related Posts

  • After the Bell: The way people misunderstand renewable power is shocking  (Image: iStock) By Tim Cohen  Follow 13 Dec 2022  2 I can’t get away from the feeling that the constant, relentless defence of coal has a larger agenda somewhere behind it. Listen to this article 0:00 / 6:23 1X BeyondWords How do we comprehend the resistance among […]

  • Opinion: Koeberg life extension could flip switch on half a trillion rands of economic damage Graphic showing coal capacity factors and loadshedding 24TH NOVEMBER 2022 ARTICLE ENQUIRY      SAVE THIS ARTICLE      EMAIL THIS ARTICLE FONT SIZE: –+ In this opinion article, energy analyst and commentator Clyde Mallinson warns that, against the backdrop of persistent and erratic loadshedding, the economic cost of shutting the Koeberg nuclear plant for […]

  • A New Barefoot GuideFrom the Agroecology Series My Food is African Healthy soil, safe foods and diverse diets Télécharger – Français Download – E   A New Barefoot Guide From the Agroecology Series My Food is African Healthy soil, safe foods and diverse diets Télécharger – Français Download – English A publication of The Alliance […]

  •  > This edition | The voluntary carbon markets, explained in three figures        Read the last Dispatch | The dark matter of the emissions universe             Next Dispatch | What to do when portfolios hit the “value-carbon frontier”  Share Tweet Forward Carbon is a new global currency. If we're serious about stopping climate […]