Review of August 2023
August was a quiet month for voluntary carbon market, with low volumes and few major policy announcements. 18.5 Mt of credits were issued in Aug-23, 37% less than in an…
Review of July 2023
July was a relatively quiet month for both issuances and retirements, at 17.7 Mt and 11.8 Mt . Credit prices fell amongst light volumes, with average prices down a third…
Review of June 2023
There were some influential publications in Jun-23 including the ISSB’s climate disclosure standard, the VCMI’s Claims Code of Practice and a draft of the SBTi’s financial institutions net zero standard.…
Review of May 2023
26 Mt of credits were issued in May-23, largely in line with previous months. 8 Mt of credits were retired in May-23, their lowest month since Oct-2022. After holding steady…
Review of April 2023
Both issuances and retirements in April were just below their monthly averages of the last year. The pipeline continues to grow, with April the 2nd largest ever monthly increase, taking it…
Review of March 2023
Mar-23 saw 20 Mt of issuances (4th lowest month in last year) and 16 Mt of retirements (4th highest month in last year). As a result, at 48 Mt, 1Q23…
Review of February 2023
23 Mt of credits were issued in Feb-23, the lowest month of issuances since Sep-22. 22 Mt of credits were retired in Feb-23, the third highest month for retirements ever,…
Review of January 2023
Jan-23 saw a number of policy & guidance updates related to the WEF meeting in Davos. Nearly half of the guidance areas saw decreases in consensus, some significant. An article…
Review of Dec 2022
83 Mt of credits were issued in Dec-22, a monthly record. Issuances were boosted by the first ever issuance of ART TREES Jurisdictional REDD+ credits (33 Mt). Dec-22 also saw…
Review of November 2022
Credit issuances in Nov-22 increased significantly to 29.6 Mt, their highest month since Mar-22. However, YTD issuances are still down 26% on same period in 2021. After a drop in…
Review of October 2022
Monthly retirements fell to 6.4 Mt, their lowest month since Sep-20. As a result, YTD retirements are now down 3% below the same time period in 2021. Oct-22 issuances stood…
Review of September 2022
At 17.7 Mt monthly issuances continued to fall. In contrast monthly retirements have been relatively flat in last three months, at 12.1 Mt. The overall market price averaged $6.04 in…
Review of August 2022
Issuances in Aug-22 were 30% below their average of the last year, and at their lowest since Jan-21. Retirements in Aug-22 were similar to the two prior months, and 28%…
Review of July 2022
July was a relatively quiet month for new policy & guidance. However, the release of the draft Core Carbon Principles by the ICVCM was a major development. At 19Mt, July…