New Report: State of Forest Carbon Finance 2015
Companies and governments that put a value on the carbon stored in the world’s remaining forests are ramping up results-based finance for those assets, according to Ecosystem Marketplace’s State of Forest Carbon Finance 2015 report, launched last week. 2014 marked a breakout year for forest carbon markets, with buyers paying a record-high $257 million for 34.4 million offsets. Voluntary demand increased 18% over 2013’s volumes, to 23.7 million tonnes, and voluntary prices recovered to an average of $5.4/tonne. Meanwhile, compliance demand jumped over 200% as buyers in California and Australia collectively purchased 10.6 million tonnes in land-use offsets to meet regulatory obligations, with compliance prices coming in just beneath the going allowance price or set carbon tax.