Corporate organisations are increasingly investing in carbon offsetting initiatives in order to meet sustainability and corporate responsibility targets, announces a new report published today entitled ‘State of the Voluntary Carbon Markets 2012’. The global report, launched by Ecosystem Marketplace and Bloomberg New Energy Finance at the Carbon Expo show in Cologne, reveals that corporate buyers represent 65% of the total value of the voluntary carbon market, with the majority of those buyers based in Europe. Interest in carbon-funded projects with multiple positive outcomes is growing, with the biggest majority from Gold Standard projects in Africa.
“Buyers of credits are increasingly interested in the additional health and socio-economic benefits generated via many of our sustainable development projects,” explains Edward Hanrahan, Director, ClimateCare. “Corporate organisations are interested in supporting for instance the reduced incidence of pneumonia through cookstoves projects in Africa, or the purification of water and prevention of waterborne disease through the award-winning LifeStraw water filter.”
As corporate organisations strive to find new and innovative means to meet clearly defined sustainability goals, offsetting carbon emissions via charismatic development projects is consistently being adopted as a means to green supply chains, connect with customers and engage shareholders and employees. Among the most popular carbon-funded development initiatives in Africa are clean cookstove projects, which help to improve health by reducing indoor air pollution, while slowing deforestation and creating employment among development communities.
The voluntary carbon market was worth $576m in 2011, which is the second highest market value documented following 2008’s record high. This latest report examines trading volumes, credit prices, project types, locations and the motivations of buyers voluntarily purchasing carbon offsets. Its findings are based on data voluntarily reported by 312 offset suppliers, including ClimateCare, seven trading exchanges and all major carbon credit registries.
Among the other 2011 trends documented by the report are an increase in the purchase of carbon credits by North American buyers and strong support for carbon-funded wind farms in Asia. Please visit this link [http://www.ecosystemmarketplace.com/reports/vcm2012] for further information or to download the full report.