The key findings of the report include that although voluntary actors contracted 101 million tonnes of carbon offsets in 2012, 4% more than in 2011, market value decreased 11% to $523 million as offset prices fell slightly for several popular project types. Corporate social responsibility was given as a primary motivation for 90% of offset volumes being contracted by the private sector, with further evidence of activity to make supply-lines more resilient. Also noted was a surge in demand for carbon offsets from forestry projects certified to the Verified Carbon Standard and Climate, Community and Biodiversity Standards. 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 relevant shareholders.

Publication date
Type of publication
Document
Objective
Adaptation
Collection
BRIDGE
CTCN Keyword Matches
Ecosystems and biodiversity
Forestry
Urban infrastructure development
Community based