Voluntary Carbon Market Hits Record and Is Set to Surpass $1 Billion This Year

Source: Capital Reset 
Author: Natalia Viri 
Image: Capital Reset 

“Transaction value already rose 60% this year through August compared to 2020, driven by volume and price; forest credits are the highlight.” 

With the wave of companies committing to becoming 'net zero', it was expected that demand for carbon credits would surge. A study released this week put the trend into numbers. 

In the first eight months of this year, transaction value in voluntary carbon markets grew by 60% compared to the whole of 2020 and is expected to break the $1 billion mark in 2021 — setting a record amid growing corporate demand to meet decarbonization targets. 

The data comes from Ecosystem Marketplace, an initiative by Forest Trends, which compiles information reported by the leading developers and sellers of carbon projects worldwide — and is considered the most reliable source for tracking price and volume trends in a market where transactions lack transparency.