Voluntary carbon market defies the odds
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
Demand for voluntary carbon credits is on track to grow by about a fifth this year despite the market’s struggles with project integrity and fragmented liquidity, industry figures told the recent FT Commodities Global Summit. “Demand has sustained; it has not dropped. If anything, this year it will actually increase,” said Enric Arderiu, global head of environmental products at commodities trading company Mercuria. “We see an increase this year of 20% or so on retirements. So [demand] is not going down, it is not going away—it has just shifted and fragmented.” Arderiu estimated the market for voluntary credits to be about 200mt/yr of CO₂. The market has faced multiple allegations in recent y
Also in this section
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term