Title: 2023 State of the Voluntary Carbon Market

Language: English

Type: Document

Nature: Report

Published: January 1, 2023


Region: Global

Country: Global / Non-Specific

Topic: Emission Reduction Program

Keywords: Emission Reduction Program **

Document Link(s):


Document Summary:

The Carbon Direct State of the Voluntary Carbon Market report provides carbon credit purchasers, project developers, and policymakers with a snapshot of key trends and market developments. The market has grown significantly over the past decade, with issuances reaching nearly 300 million tonnes per annum (tpa) in 2021.


Document Details:

This year’s report includes insights from an analysis of the four major registries on the Voluntary Registry Offsets Database (VROD), the developing high-durability registries, and anonymized data from Carbon Direct’s in-depth diligence evaluations on hundreds of carbon removal projects. See Appendix for more information on our data sources and methodology.


Updated: May 30, 2024