The global voluntary carbon offset market size shrank 61 percent in 2023. The value of traded carbon credits that year was 723 million U.S. dollars, compared with 1.9 billion U.S. dollars the previous year. As of 2023, the cumulative value of the voluntary carbon market was roughly 10.8 billion U.S. dollars. Many major companies around the world use voluntary carbon offsets as a way of reaching net-zero emissions and achieving their climate goals.
Annual value of voluntary carbon offset market transactions worldwide from pre-2005 to 2023
(in million U.S. dollars)
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Ecosystem Marketplace. (May 30, 2024). Annual value of voluntary carbon offset market transactions worldwide from pre-2005 to 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved January 05, 2025, from https://www.statista.com/statistics/501698/voluntary-carbon-offset-market-transaction-value-worldwide/
Ecosystem Marketplace. "Annual value of voluntary carbon offset market transactions worldwide from pre-2005 to 2023 (in million U.S. dollars)." Chart. May 30, 2024. Statista. Accessed January 05, 2025. https://www.statista.com/statistics/501698/voluntary-carbon-offset-market-transaction-value-worldwide/
Ecosystem Marketplace. (2024). Annual value of voluntary carbon offset market transactions worldwide from pre-2005 to 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: January 05, 2025. https://www.statista.com/statistics/501698/voluntary-carbon-offset-market-transaction-value-worldwide/
Ecosystem Marketplace. "Annual Value of Voluntary Carbon Offset Market Transactions Worldwide from Pre-2005 to 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/501698/voluntary-carbon-offset-market-transaction-value-worldwide/
Ecosystem Marketplace, Annual value of voluntary carbon offset market transactions worldwide from pre-2005 to 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/501698/voluntary-carbon-offset-market-transaction-value-worldwide/ (last visited January 05, 2025)
Annual value of voluntary carbon offset market transactions worldwide from pre-2005 to 2023 (in million U.S. dollars) [Graph], Ecosystem Marketplace, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/501698/voluntary-carbon-offset-market-transaction-value-worldwide/
