The great transition from fossil fuels to clean energy is underway, with more than 50 coal companies filing for bankruptcy in the past few years amid increased calls for a global price on greenhouse gas emissions - primarily carbon dioxide - and a growing willingness on the part of some companies to use carbon markets to drive changes within their own organization and across their supply chains. At the same time, the UN's adoption of both the Paris Agreement and the Sustainable Development Goals charts a new development agenda that could change the flows of trillions of dollars in finance over the next 30 years.
All this led to a topsy-turvy year for voluntary carbon offsets, with average prices reaching an all-time low of $3.30 per ton even as volume rose 10% and prices for new offsets more than doubled to $7.20. Meanwhile, companies began exploring new ways of using offsets to reduce emissions internally.
Then join Forest Trends' Ecosystem Marketplace and the Climate Markets and Investment Association for a deep dive into our "Raising Ambition: State of the Voluntary Carbon Markets 2016" - Ecosystem Marketplace's annual survey of the voluntary carbon markets.
You can register HERE and then join us live on June 15 at 11am Eastern Time/4pm Greenwich Mean Time.
- Kelley Hamrick, Senior Associate at Ecosystem Marketplace and the lead author of the report, presenting on the macro trends we're seeing, including growing voluntary demand for offsets (but at lower prices); buyer preferences by location, standard, and project type; and how voluntary offsetting fits into a post-Paris world.
- Sean Penrith, Executive Director of The Climate Trust, will give us his take on carbon market dynamics in North America, and how his organization is helping to tackle the challenge of upfront carbon financing.
- Marc Baker, Director of Carbon Tanzania, will provide an on-the-ground perspective on carbon project development in East Africa, including commentary on benefits sharing, securing land rights, and working with government on avoided deforestation.