Representing 162 projects in 58 countries, the report tracks forest carbon management over a land area larger than Ecuador. While market size grew 9% in 2012, the global average price for forestry offsets was $7.8/tonne - down from $9.2/tonne in 2011, but still higher than prices paid by voluntary buyers across all offset project types (average $5.9/tonne).
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Voluntary demand for carbon offsetting grew 4% in 2012, when buyers committed more than $523 million to offset 101 million metric tonnes of greenhouse gas emissions. Private sector buyers flocked to offsets earned by planting trees, saving tropical forests, or distributing clean cookstoves in the developing world, according to this year;' State of the Voluntary Carbon Markets report, released by Forest Trends' Ecosystem Marketplace this week in Barcelona, Spain.
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