CABA Information Series


IS-2008-131: Forging a Frontier: State of the Voluntary Carbon Markets 2008


While public policy on cap-and-trade for carbon is being debated, some companies have voluntarily started trading carbon emissions.  This report by New Carbon Finance tracks trading in 2007 via the OTC (over-the-counter) market, consisting mostly of bilateral deals.  The world market for carbon trading doubled in one year to $64 million in 2007.  Offset credits to carbon reduction included renewable energy, energy efficiency, methane destruction, and forestry land projects.  The credit per ton of carbon increased by about 50% from 2006 to 2007.  Europe bought 47% of carbon credits, while North America bought 34% worldwide.  Data were gathered from OTC records and surveys of 150 suppliers.






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IS-2008-131
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