2013 Voluntary Carbon Markets Report
The 2013 State of the Voluntary Carbon Markets Report is now available for download, and will be formally presented today, June 20th, from 4:30pm to 6pm at the law offices of Baker & McKenzie in Washington, DC. The much-anticipated report brings to light key findings to explain why voluntary markets are doing so well while UN markets are suffering.
Now Available For Download
20 June 2013 |
We’re not trying to be a tease, but Ecosystem Marketplace's recently released executive summary
of the State of the Voluntary Carbon Markets 2013
report only scratched the surface of what are some interesting and sometimes surprising findings from our survey of the 2012 voluntary offset marketplace.
For the full scoop on market developments in 2012, download the full report to the right. If you’re based in Washington DC, you’re also invited to join us for this afternoon’s launch event – see below for details.
To recap our executive report’s high level findings, voluntary actors contracted 101 million tonnes of carbon offsets (MtCO2e) for immediate or future delivery in 2012 – 4% more than in 2011. While the overall market value of these transactions decreased 11% to $523 million due to falling prices for several popular project types, voluntary actors paid a volume-weighted average price of $5.9/tCO2e, slightly down from $6.2/tCO2e in 2011 but significantly higher than under the United Nations’ regulatory Clean Development Mechanism scheme.
Other report findings:
- 90% of offset volumes were contracted by the private sector – where corporate social responsibility and industry leadership were primary motivations for offset purchases.
- Offset buyers’ desire to positively impact the climate resilience of their supply chain or sphere of influence was evident in our data which identifies a strong relationship between buyers’ business sectors and the project categories from which they contract offsets.
- A sizeable portion of market value (64% of value associated with a contract type or $170 million) was paid to offset sellers at the point of transaction rather than offset delivery – primarily via spot contracts (35.6 MtCO2e, up 25% from 2011) and pre-payment for future delivery (8.7 MtCO2e, down 1% from 2011).
- Demand surged for carbon offsets from forestry projects certified to the Verified Carbon Standard and the Climate, Community and Biodiversity Standards. Voluntary buyers also funneled $80 million to Gold Standard-certified offsets from projects that distribute clean cookstoves and water filtration devices.
- Suppliers predict market value could reach $1.6 - $2.3 billion in 2020 – if market actors can effectively communicate the relevance of offsetting and carbon market infrastructure to private sector actors, the international donor community, and governments seeking tools to incentivize, verify, and finance climate action.
If we've managed to whet your appetite for more interesting facts, figures and anecdotes, be sure to check our landing page on June 20 for the release of the full report.
Washington DC Report Launch Event This afternoon!
For those of you in the US, we invite you to join us for the North American launch of the full State of report, hosted by Baker & McKenzie at their Washington, DC offices on June 20. A panel of US-based carbon experts will join us in presenting and discussing more in-depth findings from our full report. To attend, RSVP to firstname.lastname@example.org or call +1 202 835 1661, providing your full name, company, and title. If you would like to bring a guest, please also provide their details, including email address.
Washington DC Law Offices of Baker & McKenzie
815 Connecticut Ave NW | Washington, DC 20006, USA
Thursday, 20th of June, from 4:30 to 6:00PM (Panel Presentation); 6:00PM+ Reception
We hope to see you there!
For comments or questions, please email: email@example.com