2023 Voluntary Carbon Credit Market Trends Report Published

This article is an automatically translated version of the original Japanese article. Please refer to the Japanese version for the most accurate information.

Aiming to improve transparency in the Voluntary Carbon Market industry, we have released an interactive report accessible to everyone online, detailing supply and demand trends. This report is licensed under CC BY 4.0, allowing anyone to use it for any purpose.

Report (Japanese) URL: https://reports.sustainacraft.com/ja/sustainacraft-2023-voluntary-carbon-market-review.html

Report (English) URL: https://reports.sustainacraft.com/en/sustainacraft-2023-voluntary-carbon-market-review.html

1. Demand Analysis

   In the Demand Analysis, focusing on four registries—Verra (VCS), Gold Standard, ACR, and CAR—we analyzed the sectors of companies that retired Credits and the types of Credits. In addition to Retirement data, by analyzing corporate sustainability reports and external articles, we attempted to quantify companies' investment appetite for Carbon Offsets towards the future.

2. Supply Analysis

   In the Supply Analysis, instead of projects already Registered, we focused on Pipeline projects to analyze the future supply structure. It shows that in addition to REDD+ (Reducing Emissions from Deforestation and Forest Degradation) projects, which have historically accounted for the majority of supply, terrestrial ARR (Afforestation, Reforestation and Revegetation) projects and Agricultural Land Management projects are rapidly increasing. Additionally, it summarizes various Methodology revisions announced in 2023.

We conducted a seminar based on this report at the end of last year. If you are interested in viewing the archive, please contact us.