In the VCM, it is easy to think it’s all about carbon. However, forest conservation and restoration projects offer so much more. This guidance document from The World Resources Institute considers how forests affect the climate outside of carbon markets. Published in January 2023, it outlines six ways the UNFCCC parties can take action on these non-carbon climate benefits.
This report from Ecosystem Marketplace sets out the state of the voluntary carbon market in 2021 – it quadrupled in value compared to 2020. Published in August 2022, the report reveals that the total market value neared $2 billion in 2021 and considers credit integrity in the context of rapidly rising value. It is relevant to corporates and project developers looking to understand the modern-day history of the voluntary carbon market.
Following the G7’s statement on the potential of carbon credits, The Oxford Institute of Energy Studies discussed the role of carbon markets in contributing to climate mitigation and sustainable development in June 2022. It considers the potential of carbon markets to accelerate financial flows to climate action and support the world’s most vulnerable to navigate changing weather patterns. It provides an interesting context for anyone looking to learn more about the carbon markets.
What dynamics were playing out in the UK voluntary carbon market in 2022? The report, released by Abatable in March 2022, is intended to help potential carbon credit buyers understand the risks associated with their purchases. Equipped with an understanding of these risks, the report argues that buyers are better prepared to take advantage of the opportunities the market offers.
Published in March 2022, this report from the World Bank provides an understanding of carbon pricing between 2021 and 2022. This year was a pivotal period for carbon markets. It covers aspects of pricing beyond the voluntary, discussing emissions trading systems and carbon taxes too.
The carbon market is full of false dichotomies. Removal vs reduction. Tech vs nature. Project vs jurisdictional. Published by the Environmental Defense Fund (EDF) in February 2022, this guidance document clearly explains the differences between these climate solutions. NOTE: It is clear that an ‘either/or’ approach is not helpful. Rather, the world needs a both/and approach to carbon credits.