The global voluntary carbon offset market could potentially reach a value of 1.1 trillion U.S. dollars annually by 2050 if integrity issues within the market are resolved. Under this high-quality scenario, carbon offset prices would rise to 238 U.S. dollars per metric ton of carbon dioxide by 2050, rising rapidly from just 20 U.S. dollars in 2030. If integrity issues are not addressed and carbon offset prices remain low, then the market would peak at a value of just 34 billion U.S. dollars annually in 2050.
Forecast annual voluntary carbon offset market value worldwide by 2050, by scenario
(in billion U.S. dollars)
Voluntary market scenario: integrity issues are not resolved, and company demand is elastic.
High-quality scenario: integrity issues in the offset market are resolved, and offset demand is inelastic.
Removal scenario: companies can only buy carbon removals and credits are interchangeable with other forms of abatement, meaning companies take a least-cost decarbonization approach.
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BloombergNEF. (February 2, 2024). Forecast annual voluntary carbon offset market value worldwide by 2050, by scenario (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1474831/forecast-carbon-offset-value-by-scenario/
BloombergNEF. "Forecast annual voluntary carbon offset market value worldwide by 2050, by scenario (in billion U.S. dollars)." Chart. February 2, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1474831/forecast-carbon-offset-value-by-scenario/
BloombergNEF. (2024). Forecast annual voluntary carbon offset market value worldwide by 2050, by scenario (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1474831/forecast-carbon-offset-value-by-scenario/
BloombergNEF. "Forecast Annual Voluntary Carbon Offset Market Value Worldwide by 2050, by Scenario (in Billion U.S. Dollars)." Statista, Statista Inc., 2 Feb 2024, https://www.statista.com/statistics/1474831/forecast-carbon-offset-value-by-scenario/
BloombergNEF, Forecast annual voluntary carbon offset market value worldwide by 2050, by scenario (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1474831/forecast-carbon-offset-value-by-scenario/ (last visited October 31, 2024)
Forecast annual voluntary carbon offset market value worldwide by 2050, by scenario (in billion U.S. dollars) [Graph], BloombergNEF, February 2, 2024. [Online]. Available: https://www.statista.com/statistics/1474831/forecast-carbon-offset-value-by-scenario/
