State of the Voluntary Carbon Markets 2023 finds VCM demand concentrating around pricier, high-integrity credits
- Media Manager
- Dec 18, 2023
- 1 min read
Ecosystem Marketplace
New research published by Ecosystem Marketplace finds evidence of a market-wide shift in the voluntary carbon markets (VCM), with demand concentrating around high-integrity, high-quality carbon credits that have holistic co-benefits beyond the mitigation of greenhouse gas emissions.
Transaction data analyzed in the report show a massive 82% leap in average carbon credit prices between 2021 and 2022, paired with a drop in overall transaction volumes. These dynamics suggest a market consolidating around a smaller but committed set of buyers willing to pay premium prices for higher quality credits. Demand is particularly high for nature-based credits that are certified for co-benefits and Sustainable Development Goals, according to the report’s authors.
