HOME Twitter FB Forest Trends

See All Recent Publications

Publication Thumbnail: Regulating the Trade in Illegal Timber Regulating the Trade in Illegal Timber

Together, the US, EU28 and Australian markets, alongside the...

Publication Thumbnail: China’s Forest Product Imports and Exports 2006-2016: China’s Forest Product Imports and Exports 2006-2016:

As the world’s top importer and consumer of timber...

<BACK>

Publication Details - Unlocking Potential

Unlocking Potential

State of the Voluntary Carbon Markets 2017 - Overview

 

Kelley Hamrick, Melissa Gallant - Forest Trends' Ecosystem Marketplace

 

Download GET DOCUMENT

 

 

Abstract

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, released today at the Innovate4Climate conference in Barcelona. Entitled “Unlocking Potential,” the new report finds 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 moved ahead with their battle against climate change by purchasing voluntary carbon offsets from projects that reduce emissions through forest protection, renewable energy, and other means. Still, transaction volumes on the voluntary markets shrank 24% from 2015 to 2016, and demand did not meet supply of these offsets, as 56.2 MtCO2e were left unsold in project developer’s portfolios – some from previous years.

 

Document Stats:

Release Date: August 2017
File Type: PDF [PDF]
File Size: 1678 KB
Journal:
Parent Document: Unlocking Potential

 

Copyright © 2017 Forest Trends Association. All Rights Reserved.

Home | Who We Are | Initiatives | Resources | Contact Us | Support Us