Leveraging the Landscape
Molly Peters-Stanley, Katherine Hamilton, Daphne Yin
Date Published: 11/01/2012
Companies seeking to offset emissions continue to be the dominant source of demand. At the same time, governments around the globe are stepping up to include forests in their regulatory emissions-reduction strategies. Transactions of credits developed under the United Nation’s Clean Development Mechanism soared in 2011. Additionally, governments in locations like California, Australia, and Canada included forests in national or regional emissions reductions programs.
"Last year, market value was buoyed by a diverse landscape of actors, funding sources and projects – mostly in sectors where an emerging price on carbon is writ large," says Molly Peters-Stanley, Ecosystem Marketplace Carbon Program Manager. "Our findings demonstrate that continued growth requires both price signals and a wide array of actors innovating and financing forest carbon solutions."
The report found 18 million hectares impacted by carbon finance in 40 countries. The majority of projects were on private land but increasingly involved communities and smallholder landholders.