Search
Voluntary Carbon Credit buyers willing to pay more For quality

December 04, 2023 | Carbon credits | 

The latest "State of the Voluntary Carbon Markets 2023" report by Ecosystem Marketplace reveals a significant shift in the Voluntary Carbon Market (VCM). Despite a 51% decline in transaction volumes, there's an 82% surge in average carbon credit prices, reaching a 15-year high. Smaller yet dedicated purchasers are consolidating the market, showing a preference for high-integrity and high-quality voluntary carbon credits with co-benefits. Nature-based credits, constituting 46% of the market, saw prices more than double. Credits with environmental and social co-benefits commanded a 78% price premium, emphasizing buyer preference for projects aligned with UN Sustainable Development Goals. Newer credits and CORSIA-eligible credits also commanded higher prices. The report underscores a market shift towards integrity and quality, reflecting increased buyer sophistication.

Viewed Articles
Voluntary Carbon Credit buyers willing to pay more For quality
December 04, 2023 | Carbon credits | The latest "State of the Voluntary Carbon Markets 2023" report by Ecosystem Marketplace reveals a significant shift in the Voluntary Carbon Market (VCM). Despite a
Read More
TotalEnergies Invests $100 Million in U.S. Forestry as Part of Net Zero Push
September 4, 2024 | carboncredits.com | TotalEnergies announced a $100 million investment in sustainable forestry projects across 300,000 hectares in 10 U.S. states. In collaboration with Anew Climate
Mangrove forests, seagrass has high carbon sequestration potential, new methodology in review
April 15, 2024 | Agri-Harvest, Taiwan  | In response to Taiwan's 2050 net-zero emissions policy, methods for sequestering carbon in seagrass beds and mangroves were submitted for review by the Min
Learning from Australia's nature-based carbon markets
July 12, 2024 | SustainableViews | Australia's regulated carbon market offers a model for addressing the challenges facing voluntary carbon markets worldwide. While North America and Europe grappl
EU Parliament agrees to ban unverified green product claims
March 12, 2024 | ESGtoday | The European Parliament overwhelmingly voted (467-65) to approve regulations targeting greenwashing, aiming to safeguard consumers from misleading environmental claims made
Definition of bamboo forest controversial, Ministry of Agriculture methodology sent for scrutiny Members worried about loopholes
September 3, 2024 | www.ctee.com.tw | The Environmental Ministry's project team has conducted its third review of the bamboo forest carbon sequestration methodology proposed by the Agriculture Min
TOP