Carbon credits and compensation claims: the state of the VCM

The latest available data on global carbon credits exchanges (2023).

The voluntary carbon market (VCM) involves the trading of carbon credits, where individuals or companies can purchase credits to compensate for their carbon emissions. These credits can represent investments in different types of projects that reduce or capture greenhouse gas emissions, such as renewable energy initiatives, afforestation or carbon removal projects.  The latest available data shows that the total value of carbon credits trading in 2022 was around $1.5 billion, corresponding to approximately 200 Mt of CO2. Carbon dioxide removal (CDR) represents 3% of all VCM transactions in terms of…

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