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Market Coverage - Carbon OffsetsFull Market CoverageInSight Primer CoverageInScope CoverageSign up to our NewsletterWCI CCOsDEBs: $31.89; non-DEBs: $16.29
Annual EmissionsNo data on annual retirements; 63.65M for CP3 (2018-2020)
view moreMarket ValueApprox $0.5 Billion for DEBs; $2 Billion for Non-DEBs till CP3
VCMPrice per Ton$0.50 - $2000Annual Emissions160.01 MMTMarket Value$2 BillionProgram Start Date"Modern VCM circa. 2012 (Post CDM-era) "Legislated UntilNo State Legislation, Targets typically 2030 and 2045/50Number of Participants~1500Member StatesGlobal Corporate InvolvementOffsets PermittedYesThe Voluntary Carbon Market for carbon credits
cCarbon’s initial VCM coverage was driven out of the urgent need for price transparency, fulfilled through our VCM Pricing Window – built on aggregated average pricing from real transactions of data partners.
As the market has matured, pricing is still opaque but the real challenge and most valuable insight lies in forecasting what the market will look like in 2030 and 2050. Including determining which credit types will still be widely accepted and used, also what scale the market will be operating at – single, tens, or hundreds of billions. Nationalized projects and usage towards NDC contributions may have a vital say in this, as will the myriad of compliance markets that are likely to dip into and interact with the VCM, its offsets acting as the connective tissue of the carbon world.
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Forecast Target Variable Horizon Resolution Updated Since & Track Record Supply-Demand Forecast Issuances and retirements Until 2030 Quarterly Twice a year Since 2022; expectations of exponential market growth are misplaced as demand will not keep up with issuances - verified We've brought ground-breaking transparency and thought-leading insights to this highly volatile and complex emerging market. Being a step ahead is more important here than anywhere else.WCI CCOsPrice per TonDEBs: $31.89; non-DEBs: $16.29Annual EmissionsNo data on annual retirements; 63.35M for CP3 (2018-2020)Market ValueApprox $0.5 Billion for DEBs; $2 Billion for Non-DEBs till CP3Program Start Date2012, DEBs specification from 2020 onwardsLegislated Until2030Number of ParticipantsCirca 175 retiring entities and 240 project developersMember StatesQuebec, California, Washington, Nova ScotiaOffsets PermittedYesCalifornia Carbon Offsets within the Western Climate Initiative Cap-and-Trade Program
cCarbon’s coverage had a ground-breaking effect on the CCO market. We were the first firm to provide pricing (broker averages) and reflect this back to the market, these marks were widely-used as forward contract prices from 2015 onwards. With the advent of major influence of the Environmental Justice community, offsets are now split by state of origin – creating two sub-markets: DEBs and Non-DEBs. Furthermore, CCOs are seeing increasing voluntary demand as the credits are perceived as high-quality and locally attractive offsets. The resulting interplay will prove a prototype for voluntary-compliance market interdynamics in offsets.
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Forecast Target Variable Horizon Resolution Updated Since & Track Record WCI Offsets Price Forecast Issuances, retirements and credit price Until 2030 Quarterly Twice a year Since 2022; prediction of tight DEBs and oversupplied non-DEBs markets - verified so far by credit prices We are the longest-running and most deeply specialised firm in this market. The only comprehensive option to comprehend Californian Compliance Offsets.
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