Thursday, 30 May 2013

State of the Voluntary Carbon Markets Report Launched

The State of the Voluntary Carbon Markets 2013 has been published today (30 May) at the Carbon Expo conference and exhibition in Barcelona.

The report aims to assess the current situation of the voluntary carbon market by surveying key market players and examining trends and experiences over the past year.

The 2013 report shows that the value of the voluntary carbon market increased as a percentage of the total market, mainly because the value of Voluntary Emissions Reductions (VERs) remained buoyant in comparison to Certified Emissions Reductions (CERs).

The report states that during the past year, the private sector has provided $523 million of funding for projects that cut carbon emissions. $80 million of this has been used to fund and develop projects that distribute clean cookstoves and water filtration devices. These projects cut carbon, but also have numerous other social and environmental benefits including creating jobs, improving families’ health, reducing pressure on resources, and reducing household expenditure.

In response to the report, Jamal Gore, Managing Director of Carbon Clear said:

Carbon Clear has long been a supporter of carbon offset projects that provide jobs, improve health and strengthen communities around the world. As the developer of the Darfur low-smoke stoves project – the first registered carbon project in a conflict zone, we are delighted that demand for cookstove projects has doubled. This growth shows that customers continue to value these types of high-impact, charismatic carbon projects.”

The executive summary of the report is here.

More information about the Carbon Clear Sudan Cookstove Project is available here.