14 November 2013
The market for carbon credits generated under projects that reduce emissions from deforestation and forest degradation (REDD) showed signs of stabilizing in 2012 after a sharp drop in 2011, finds Forest Trends' new assessment of the global forest carbon market.
The report, titled State of the Forest Carbon Markets 2013, shows that offsets representing 8.6 million metric tons of carbon dioxide were transacted in 2012, a 16 percent increase over 2011. But the average value of each credit dipped 8 percent from $8.50 to $7.80. Nonetheless the activity suggests the market of REDD+ credits may have stabilized after the volume fell 62 percent between 2010 and 2011 in the aftermath of largely failed climate talks in Cancun, Mexico.
Read more fromMongabay here.