|
|||||
|
State of the Voluntary Carbon Markets 2007: Picking Up Steam
Country Name: United States of AmericaOn July 17th, the Ecosystem Marketplace and New Carbon Finance issued one of the first ever in-depth reports on the voluntary carbon market. The 'State of the Voluntary Carbon Markets 2007: Picking Up Steam' is a comprehensive quantitative assessment of the voluntary carbon market with information on prices and volumes traded, as well as an analysis of current trends and buyer motivations. The report includes data gathered from both buyers and sellers and offers a detailed summary of the nature of transactions in the voluntary carbon sector and predicted growth. "What has emerged is the clearest picture to date of the voluntary carbon market, including supply, demand, and trends. Our figures show that the market has grown by 200% in 2006, with 2007 already proving to be the blow-out in terms of volume, market entrants, and development of transparent standards," said co-author Ricardo Bayon, director of The Ecosystem Marketplace "Some of the most surprising findings relate to the motivations of buyers of these voluntary credits," added co-author Guy Turner, director of New Carbon Finance. "While we were not surprised to learn that CSR initiatives were behind purchases of offsets, we had expected to find a greater number of buyers motivated by issues of pre-compliance. What this tells us is that even in the face of future legislation, the voluntary market will likely continue to thrive on its own." "This report underscores the importance of standards, transparency, and quality within the industry. For buyers worldwide, the quality of the offset, as represented by third-party verification and standards, is the paramount concern, even above price," said Eron Bloomgarden, EcoSecurities US Country Director. "Continued development of stringent industry protocols, like the Voluntary Carbon Standard, will perhaps play the largest role in the continued maturation of the voluntary market, more so than legislation, education, or increased supply." "We are delighted to see the volumes continue to increase so rapidly," said Marco Monroy, President & CEO of MGM International. "The voluntary markets form a good complement to Kyoto because the growth demonstrates that these markets are incrementally beneficial to the goals of the Kyoto Protocol, especially in terms of involving those not currently subject to any regulation. We hope that next year's report will show continued exponential growth in this crucial area." "If 2006 is the coming of age for the voluntary carbon market, we believe 2007 will be its break out year," said Andrew Ertel, President & CEO of Evolution Markets Inc. "As the report concludes, voluntary trading in carbon offsets has evolved quickly into a viable, credible market. We are seeing an increase in volume so far this year that far outstrips trading from 2006, which is a result of the grassroots green movement spreading to the mainstream and driving market demand, as well as greater accountability among sellers." Key findings of the report include:
The Ecosystem Marketplace and New Carbon Finance worked jointly on the report, which was sponsored by EcoSecurities, Evolution Markets, and MGM International. Other collaborators include Driving Green, The Carbon Neutral Company, The Trust for Public Land, Blue Source, and the Australian government initiative 'Greenhouse Friendly'. View Executive Summary » View Complete Report »  For More Information Contact: Khamilton[at]ecosystemmarketplace.com Please see our Reprint Guidelines for details on republishing our articles.
Keyword Search:
|
