Voluntary Carbon Trade Grows 240% in 2007

Washington, DC (May 9, 2008)- The report, “State of the Voluntary Carbon Markets 2008,” compiled by New Carbon Finance and Ecosystem Marketplace, found the value of trade in the global voluntary carbon market grew by 240 percent in 2007 to $331 million, and identified 65 million tons of emissions reductions taking place in 2007 on a voluntary basis. The previous year’s report found 25 million tons of reductions in 2006.


The study, compiled from 150 suppliers of carbon offsets, as well as registries and brokers, reported that the average price paid to offset one ton of CO2 or equivalent greenhouse gases (GHG) rose 49 percent from 2006 to 2007- from $4.10 per ton to $6.10 per ton. However, the report said prices continued to fluctuate, with trades as low as $1.80 per ton to as high as $300 per ton.
Related Resources:
Ecosystem Marketplace and New Carbon Finance Report- Forging a Frontier
Voluntary Carbon Trade Grows 240% in 2007
State of the Voluntary Carbon Markets 2008