The North American forestry carbon offset market now stands as an area of growth and opportunity. Regulatory developments on the West Coast bode well, and the upcoming Canadian federal offsets program also presents a sizeable opportunity. In the voluntary market, there has been some price protection for NA forestry projects as compared to global equivalents: the ‘local premium’ persists as buyers feel more comfortable in US project methodologies and registries. Although some observers point to a possible grand reckoning in the IFM market, as we have seen in global REDD+ over recent years.

This analyst note examines the expanding North American forestry carbon offset market, detailing trends in both compliance and voluntary sectors. It offers insights into future market dynamics, including supply-demand balances and price projections for various credit types, with a forward-looking analysis extending to 2035.