New research published recently shows the voluntary carbon market (VCM) contracting for the second year in a row. However, the report’s findings also illustrate an increasingly complex landscape within the VCM, with some market segments showing growth as others fell. Market analysis from Ecosystem Marketplace finds that overall market transaction volume declined 56 percent from 2022-2023. While the market saw a slower year overall last year than in the banner years of 2021 and 2022, not all project categories followed that trend–underscoring the complexity of a market that has matured…
Read MoreReport: The Voluntary Carbon Market Contracted in 2023, Driven by Drop-off in Transactions for REDD+ and Renewable Energy
