Report: Buyers willing to pay a price premium for higher quality carbon credits
After numerous credibility scandals in voluntary carbon markets, buyers of carbon credits are increasingly willing to pay a price premium to ensure that their purchases deliver robust environmental impacts.
That is a headline finding of the new State of Carbon Credits Report from carbon data platform Sylvera, which uses data for the 2024 calendar year.
The total number of carbon credit purchases grew marginally year-on-year, being 0.2% higher in 2024 than 2023. Sylvera notes that the industry has “plateaued” since 2021 following a significant expansion in the latter half of the 2010s.
While many businesses and other organisations are turning to carbon credits to offset emissions as they work towards net-zero goals, a significant proportion of would-be buyers have been delaying purchases amid concerns over credibility, edie has previously found.
Looking at credits that were retired (removed from circulation as their climate benefits have been delivered) in 2024, Sylvera tracked a 25% increase in retirements from projects with( article continues at edie )