State of the Forest Carbon Markets 2009
Katherine Hamilton, Unna Chokkalingam, and Maria Bendana
Date Published: 01/13/2010
Ecosystem Marketplace tracked projects generating credits over the past 20 years in both the voluntary and compliance markets. The voluntary category includes the Over the Counter (OTC) and Chicago Climate Exchange (CCX) markets. The compliance category includes the New South Wales Greenhouse Gas Reduction Scheme (NSW GGAS), as well as the Kyoto Protocol-driven Clean Development Mechanism (CDM), Joint Implementation (JI), New Zealand Emissions Trading Scheme (NZ ETS) and Kyoto Assigned Amount Units (AAUs). Because we are comparing transactions across markets and standards, it is important to note that assets transacted vary considerably. For example, a temporary Certified Emissions Reduction (tCER) under the CDM may be a different asset than a Voluntary Carbon Unit (VCU) under the Voluntary Carbon Standard. However, these assets are generally referred to as carbon dioxide tonnes (tCO2).