Future size of the voluntary carbon market

This report examines the basis of estimates for the future size of the voluntary market and makes suggestions on how these figures should be interpreted.  We conclude there will be a growing demand for carbon credits from companies looking to offset emissions and that prices should and will rise, but not to the levels suggested by the TSVCM.  Our research forecasts a voluntary market size of $10 – 40bn in 2030 – someway short of the TSVCM’s higher estimates of $100 – 180bn.  If the voluntary carbon market is to make a material contribution to global decarbonisation efforts a sustained effort is required on a several fronts.