Voluntary Carbon Markets –

an Overview

Commodity Futures Trading Commission Voluntary Carbon Markets Convening

Carbon Offsets Standards and Quality Initiatives

Thursday, 02 June 2022
~20 Years Globally Recognized and Rigorous Carbon Offset 

Market Reporting, Price Discovery, Trade Transparency Platform

Quality & 

Credibility

Trusted 

Relationships

Project Developers, Intermediaries and Investors Disclose Sales, 

Data is Confidential and Aggregated for Analysis and Reports

Data 

Insights 

News

High Quality Market & Reference Data, Analysis, and DecisionUseful Publications for Project Developers, Investors, 

Intermediaries, Civil Society, Governments, Companies, Users 

Ecosystem Marketplace - Profile

World’s first, largest, and most comprehensive end-to-end transparency platform for

over-the-counter and exchange carbon credit sales data on prices, volumes, projects,

contract structure, and counterparties.

For use of these slides and content, please check usage guidelines Ecosystem Marketplace and source publications.
Ecosystem Marketplace: 

Global Platform for Carbon Markets

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EM 

Respondents 

disclosing 

VCM carbon 

sales 

2020-22

Countries of 

Carbon 

Projects

represented 

by disclosed 

transactions

VCM Value

recorded for 

carbon credit 

sales in 

2021Q1-3

Carbon 

Standards, 

Co-benefits, 

SDGs

covered by 

disclosed 

transactions
Major Milestones & Direction of Travel

CCX sales

surge.

Corporate climate pledges e.g., net zero, carbon neutral rally 

VCM starting in 2019, despite COVID-19 setbacks.

Interest builds for core carbon principles, additional attributes, 

and dynamics of carbon credit prices in 2019. Taskforce on 

Scaling Voluntary Carbon Markets launches in 2020. Initiatives to 

tackle integrity of VCM supply and demand e.g., VCMI, ICVCM, 

take shape in 2021.

Renewables momentarily takes top spot in 2019, however in 

2020 NCS regains leadership position in 2020 and in 2021 

continues to pick up momentum in market volume and attracts 

higher prices.

Private investment surges into carbon market project 

development and related climate solutions, technologies, 

companies, and initiatives in 2021 and into 2022.

New supply of credits begins to slow in 2022 while retirements 

remain consistent with 2021.

2019 - Present

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Trends in the Voluntary Carbon Market: 

New Highs in Volume & Value Reached in 2020 and 2021

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2021 Q4 & CY Update 

Coming soon

2021 Q3 Update: +$1 Bn

Driven by NCS (61%)

* Projects w/ Co-benefits = 

~2.5X price

State of the Voluntary Carbon Markets 2021 Report
Voluntary Market Sales of Carbon Credits: 

2021 YTD Split 50/50

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NATURAL

TECHNOLOGICAL

State of the Voluntary Carbon Markets 2021 Report

(MODIFIED)
Carbon Credits Issued and Retired by Standards

Carbon Credit Issuances & Retirements (Independent & Compliance Standards) by Year, 2004 to date. Credit issuances and retirements reported by the 

American Carbon Registry (ACR), ART TREES, the Climate Action Reserve (CAR), California Air Resources Board (CARB), CDM (for credits issued after 2016), City 

Forest Credits, Climate Forward, Coalition for Rainforest Nations, EcoRegistry, Global Carbon Council, Gold Standard, Plan Vivo, ProClima, and Verified Carbon 

Standard (VCS).

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Collaborate with EM to Drive Global

Transparency & Integrity in Carbon Markets

For use of these slides and content, please check usage guidelines Ecosystem Marketplace and source publications.
Voluntary Carbon Markets –

an Overview

Commodity Futures Trading Commission Voluntary Carbon Markets Convening

Carbon Offsets Standards and Quality Initiatives

Thursday, 02 June 2022