Recently, the Big 4 auditing firm Earn and Young published a detailed research report on the state of the global voluntary carbon market, offering analysis and forecasts for the future. Thị trường Carbon presents this information for readers’ reference. The key highlights of this report are summarized as follows:
1. Role of Carbon Credits
Carbon credits play a crucial role in achieving net-zero targets by offsetting emissions that are hard to reduce directly. They support decarbonization strategies and provide a flexible tool for businesses to meet sustainability goals. However, recent scandals and quality issues have highlighted the need to rebuild trust.
2. Rising Costs and Demand for Credits
With the increasing focus on quality standards, demand for high-integrity carbon credits is expected to rise, leading to projected prices of $75-$125 per tonne by 2035. The report emphasizes that as regulation tightens and supply costs increase, businesses must prepare for a more competitive market.
3. Quality and integrity of carbon credits
The report highlights the importance of improving the quality and integrity of carbon credits through stronger verification and governance frameworks. Establishing clear standards and processes is essential to restore trust and ensure credits actually contribute to emissions reductions.
4. Evolving regulatory framework
The voluntary carbon credit market remains fragmented due to different national policies and regulatory frameworks. However, with new regulations, the line between voluntary and compliance markets is gradually blurring, driving higher demand for quality credits.
5. Nature-based and Carbon Removal Credits will become increasingly important
The report finds that removal credits, such as those from carbon capture and storage projects or reforestation projects, are becoming increasingly important to achieving long-term carbon neutrality. As avoided emissions face constraints in their availability and costs, removal credits are expected to play a larger role in meeting global climate commitments.
The full report is available to download here .
