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
December 04, 2023 | Carbon credits |Â 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
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
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
July 12, 2024 | SustainableViews |Â Australia's regulated carbon market offers a model for addressing the challenges facing voluntary carbon markets worldwide. While North America and Europe grappl
March 12, 2024 | ESGtoday |Â The European Parliament overwhelmingly voted (467-65) to approve regulations targeting greenwashing, aiming to safeguard consumers from misleading environmental claims made
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