From the Editors
The Ecosystem Marketplace's Forest Carbon News
Tracking Terrestrial Carbon
Though they came onto the voluntary carbon market scene just a few years ago, projects that reduce emissions from deforestation and forest degradation (REDD) have quickly risen to become one of the most sought-after offset types, according to Ecosystem Marketplace's State of the Voluntary Carbon Markets 2015 report.
For the first time, the report culls together over a decade of historical data to look at key trends in transaction volumes, prices, standard use, and other phenomena over time – with a focus on how the experience of the voluntary market has informed carbon pricing policies from California to South Africa.
Though you'll have to wait until June 3rd to get the details, we can tell you that forestry plays strongly in this narrative. Voluntary offset buyers are increasingly interested in the additional benefits that carbon projects provide in terms of job creation, biodiversity conservation, watershed protection and climate change adaptation – an interest that has accelerated the purchase of REDD offsets in recent years, according to Ecosystem Marketplace research.
Also driving demand for REDD offsets are the government-to-government agreements in which the German and Norwegian governments are funding avoided deforestation in Brazil's Acre state and nationally in Ecuador and Colombia. Each country has the opportunity to earn up to $50 million for up to 10 million tonnes of emissions reductions due to forest protection. These "payments for performance" are not market-based per se, but they rely on traditional carbon market infrastructure and represent the kind of government-to-government deals that may become increasingly common as countries seek to preserve the world's remaining tropical forests. These REDD agreements were responsible for a substantial percentage of the overall market value in the voluntary carbon markets in 2014, the report will show.
Watch for publication of the State of the Voluntary Carbon Markets 2015 report online or join Ecosystem Marketplace at the Sustainable Brands conference in San Diego on June 3rd where high-level findings from the report will be released.
More stories from the forest carbon market are summarized below, so keep reading!
—The Ecosystem Marketplace Team
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