Carbon offset market hits 3-year high
Among the report's most surprising findings are a significant increase in demand from buyers in the US and major changes in the mix of offsets capturing market share, such as record sales of offsets from Asian wind farms and the coming-of-age of clean development projects in Africa.
In 2011, corporate buyers continued to dominate the market, contributing $368 million – or nearly 65% – of the market’s total value, with European corporate buyers remaining the largest source of voluntary offset demand. Many corporate buyers used offsets to meet sustainability targets and “green” their supply chains, while others used them to connect with consumers and employees.
“The markets’ increase in value points to a continued demand, especially on the corporate front, for voluntarily offsetting emissions,” said Katherine Hamilton, Director of Forest Trends’ Ecosystem Marketplace initiative. “Some of our more interesting findings, however, are in the composition of the market, which continues to develop new dimensions on both the supply and demand fronts.”
One of those surprises came from the United States, which emerged as the world’s largest single-country buyer of voluntary offsets despite the lack of impending regulations that had previously sparked demand from companies looking to get a leg up on the law.
“Price sensitivities drew some buyers away from the more expensive forestry sector – which nonetheless contributed the highest value to the marketplace because their projects held their own in terms of price,” said Carbon Program Manager Molly Peters-Stanley.
The very latest on carbon trading and options for forestry will be the focus for forestry and investment companies at Australasia’s Carbon Forestry 2012 event planned for Auckland on 22-23 August 2012. Programmes were direct mailed this week and a copy of the Carbon Forestry 2012 programme can be viewed here.
Source: Click Green
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