As of March 31, 2024, almost 40 percent of the voluntary carbon offsets that have been issued by major registries worldwide went toward forestry and land use projects. The majority of credits issued from within this category involve protecting tropical forests from deforestation and degradation in developing countries, known as REDD+ (Reducing Emissions from Deforestation and Forest Degradation). Renewable energy projects, such as wind and hydropower, accounted for the second-largest share of VCM credit issuances.
Distribution of total voluntary carbon credits issued worldwide by leading standards and registries as of March 2024, by type
Through March 31st 2024. Figures may not total 100% due to rounding.
Supplementary notes
Release date set as date site accessed.
Berkeley Carbon Trading Project's Voluntary Registry Offsets Database contains all carbon offset projects listed globally by four major voluntary offset project registries: American Carbon Registry (ACR), Climate Action Reserve (CAR), Gold Standard, and Verra (VCS). These four registries generate almost all the world's voluntary market offsets and include projects eligible for use under the California, Quebec, and Washington cap-and-trade programs as well as UN Clean Development Mechanism projects that transitioned into one of the voluntary registries.
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UC Berkeley (Richard & Rhoda Goldman School of Public Policy). (July 2, 2024). Distribution of total voluntary carbon credits issued worldwide by leading standards and registries as of March 2024, by type [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1478059/vcm-offsets-issued-shares-by-type/
UC Berkeley (Richard & Rhoda Goldman School of Public Policy). "Distribution of total voluntary carbon credits issued worldwide by leading standards and registries as of March 2024, by type." Chart. July 2, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1478059/vcm-offsets-issued-shares-by-type/
UC Berkeley (Richard & Rhoda Goldman School of Public Policy). (2024). Distribution of total voluntary carbon credits issued worldwide by leading standards and registries as of March 2024, by type. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1478059/vcm-offsets-issued-shares-by-type/
UC Berkeley (Richard & Rhoda Goldman School of Public Policy). "Distribution of Total Voluntary Carbon Credits Issued Worldwide by Leading Standards and Registries as of March 2024, by Type." Statista, Statista Inc., 2 Jul 2024, https://www.statista.com/statistics/1478059/vcm-offsets-issued-shares-by-type/
UC Berkeley (Richard & Rhoda Goldman School of Public Policy), Distribution of total voluntary carbon credits issued worldwide by leading standards and registries as of March 2024, by type Statista, https://www.statista.com/statistics/1478059/vcm-offsets-issued-shares-by-type/ (last visited December 22, 2024)
Distribution of total voluntary carbon credits issued worldwide by leading standards and registries as of March 2024, by type [Graph], UC Berkeley (Richard & Rhoda Goldman School of Public Policy), July 2, 2024. [Online]. Available: https://www.statista.com/statistics/1478059/vcm-offsets-issued-shares-by-type/
