Reports & Commentary – Reports

Global Carbon Credit Investment Report

A major new study by Trove Research finds that investment into carbon credit projects between 2012 and 2022 totalled $36bn, with half of this occurring in the last three years…

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1200 900 Trove Research

The Role of “Reduction” and “Removal” Projects in the Voluntary Carbon Market – an Economic Analysis

This report assesses the costs and benefits of reduction and removal projects, using detailed carbon project cost models developed by Trove.

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2444 1838 Trove Research

Corporate emission performance and the use of carbon credits

This detailed report analyses over 4,000 global companies and the link between emissions performance and the use of carbon credits. The conclusion is that companies that use material quantities of carbon credits are decarbonising at twice the rate of companies that do not use carbon credits.

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1248 937 Trove Research

Impact of the voluntary carbon market on tropical forest countries – implications for corresponding adjustments

This study, funded by the Environmental Defense Fund, estimates the capacity of tropical forest countries to meet forecasted corporate demand for forest-based credits. Three scenarios are developed for host country…

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2132 1599 Trove Research

Carbon Neutral Fuel Claims (1Q22 Update)

This quarter’s Carbon Neutral fuels report shows a significant drop in the number of shipments claiming carbon neutral status. Only four shipments were recorded in Q1 compared to six in…

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2558 1920 Trove Research

Voluntary Carbon Market: 2021 in Review and 2022 Outlook

This report presents Trove Research’s quarterly update on the voluntary carbon market. This issue contains summary charts for 2021 and our forecasts for 2022. We show that the value of…

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2560 1755 Trove Research

Improving the quality of corporate climate reporting – An analysis of over 900 companies

Trove Research’s analysis of 920 companies reporting of carbon emissions and climate targets shows many companies do not follow best reporting practice. Many firms omit important information to enable meaningful…

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900 675 Trove Research

COP26 Briefing – Implications for Corporate Climate Commitments and The VCM

The final negotiations of COP26 in Glasgow may have run over by 24 hours, but a number of important agreements were reached over the two weeks. This Briefing Note summarises…

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900 675 Trove Research

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…

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1707 2560 Trove Research

3Q21 Update – Carbon Neutral Fossil Fuel Claims

This report presents Trove Research’s Q3 2021 update on the use of carbon credits for fossil fuel product claims.

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2558 1920 Trove Research

Carbon Credit Demand, Supply and Prices

This land-mark study, conducted in collaboration with UCL, produces the first analysis of the long term demand, supply and prices of carbon credits (carbon offsets) in the Voluntary Carbon Market.…

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1080 1080 Trove Research

1Q21 Review Of Voluntary Carbon Market Transactions

In our Q1 2021 review of Voluntary Carbon Market (VCM) transactions we deliver key insights into the growth of the VCM and its fundamental drivers. We consider the causes of…

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2560 1710 Trove Research

Energy market scenarios of oil and gas companies

This non-technical summary distilled from the main report, conducted on behalf of the Swedish National Pension Fund, AP7, assesses the climate strategies of 14 International Oil Companies (IOCs), and analyses…

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960 960 Trove Research

The Voluntary Carbon Market and Climate Ambition

This is the final report summarising the consultation process convened by Trove Research on the interaction between the Voluntary Carbon Market and national commitments under the Paris Agreement. The report…

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900 675 Trove Research

The Global Voluntary Carbon Market – Dealing with the problem of historic credits

Established over a decade ago, the market for carbon offsets (known as the voluntary carbon market), is undergoing a surge of interest. It is used by firms as a method…

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960 960 Trove Research

Discussion paper on the use of corresponding adjustments for Voluntary Carbon Credit Transfers

This discussion document sets out a potential framework for assessing the contentious issues on the use of Corresponding Adjustments for voluntary carbon market transfers, and suggests a potential solution space.…

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900 675 Trove Research

High Ambition Markets Accelerator – HAMA

This report summarises the outcome of two global workshops held on December 9th and 10th 2020 with Civil Society and Corporate actors. The aim of the workshops was to understand…

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960 960 Trove Research

Sustainable Investing – Mind the Gap

This report conducted by Trove in collaboration with London Business School assesses the risks and returns from investing in sustainable funds and assets.  It is the first detailed analysis of…

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439 329 Trove Research
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