Voluntary carbon market up for ‘bumpy ride’ as integrity grows
This is the third consecutive year of contraction, with both transaction volumes and prices down.
The voluntary carbon market contracted for the third year in a row in 2024 – but experts believe this “bumpy ride” is a sign of its transition towards greater integrity.
Transaction volumes dropped by 25% and average credit price was down 5.5% in 2024, bringing the overall value of the voluntary carbon market down 29% to US$535 million, according to Ecosystem Marketplace’s latest State of the VCM report.
