The market for voluntary carbon credits has been on a roll.
In 2021, it grew to $2 billion, quadrupling in a year. Boston Consulting Group, a management consulting firm, expects it to be worth somewhere between $10 billion and $40 billion by 2030. Carbon credits offer an easy way for businesses to amp up their green credentials and funnel much-needed finance into environmental projects, often in developing nations.
But prices and volume have fallen since the start of the year. Nature-based carbon offsets are now trading at $1.84, having fallen 60% since the start of the year. A tough macroeconomic environment has been blamed, as well as increased public and media scrutiny.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.