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The Global Voluntary Carbon Market: Dealing with the Problem of Historic Credits

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The Global Voluntary Carbon Market: Dealing with the Problem of Historic Credits

Jan 11, 2021

This report originally appeared on trove-research.com. MSCI acquired Trove Research — now known as MSCI Carbon Markets — in November 2023.

Established over a decade ago, the market for carbon credits (often referred to as the voluntary carbon market), is undergoing a surge of interest. It is used by firms as a method for offsetting their carbon dioxide emissions by purchasing credits from projects around the world that reduce emissions going into, or remove carbon dioxide from, the atmosphere. Projects include wind or solar farms, protecting existing forests or growing new trees.

This report looks at the likely future demand for carbon credits to 2050 and how thousands of seemingly well-intentioned companies looking to offset their emissions risk being undermined by a surplus of older credits still in the system. The report also discusses mechanisms for how this issue could be managed going forward.


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Research authors

  • MSCI Carbon Markets (formerly Trove Research)

Related content

The First Core Carbon Principles-Qualifying Projects — the VCM Steps on the Gas

The Integrity Council for the Voluntary Carbon Market has announced the first set of projects that qualify for its Core Carbon Principles, marking a major milestone for the voluntary carbon market and one that could pave the way for a bifurcated market.

Read more

Potential Impact of the Core Carbon Principles on the Global Carbon Credit Market

If eligibility for the Core Carbon Principles becomes a new benchmark for ‘acceptable’ quality, understanding the proportion of total credits today that are likely to gain CCP status is vital for projecting how the market might evolve.

Learn more

Raising the bar: Will new policies deliver higher carbon credit quality?

This recording contains the presentation from Trove’s September 12th webinar on key policy development regarding carbon credit quality, including Core Carbon Principles and updates from IC-VCM. This webinar was hosted by Trove Research. MSCI acquired Trove Research — now known as MSCI Carbon Markets — in November 2023.

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