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Ecosystems Market Place 2015 report on the carbon markets
04 November 2015

Converging at the Crossroads: State of Forest Carbon Finance 2015

The report is now out and available for download here.

Here are some of this year's major findings:

  • ‚Äč2014 was the biggest year for forest carbon markets yet, with volume, value, and price all up over 2013 numbers.
  • Market actors transacted 34.4 Mt of forest carbon offsets last year at a value of $257 M. Voluntary demand was up 18% and compliance demand was up more than 200%.
  • Non-market payments totaled $219 M in 2014, with Norway and Germany committing new finance towards reducing deforestation in Brazil and Guyana. These types of bilateral contracts for emissions reductions have totaled $1.1 B over time, with another $1.2 B on the table to potentially be committed in the next few years.
  • REDD readiness finance is fading as countries move towards results-based payments.
  • All eyes are on the Paris climate talks to see whether an international climate agreement will pave the way for the expansion of results-based payments for avoided deforestation. 57 developing countries' climate plans submitted to the United Nations Framework Convention on Climate Change include potential emissions reductions that are "conditional" on international finance. 29 specifically mention REDD+.
  • Other demand developments we're watching include: the rise of internal carbon pricing, the New York Declaration on Forests supply chain commitments, the International Civil Aviation Organization negotiations, REDD+ in California, and emerging compliance markets in Korea, China, and South Africa.

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