The voluntary carbon market (VCM) now has a real worth of $2 billion, with prices of up to 170 forms of carbon credits on the rise, according to a recent Ecosystem Marketplace (EM) report.
EM, an initiative of non-profit organization Forest Trends, has been tracking and reporting on the VCM's condition since 2006.
EM’s most recent report shows that the VCM is currently close to $2 billion. Additionally, about 500 million carbon credits were traded in the same period, a 66% increase over the previous EM report. Likewise, global prices increase by 60% in 2021 ($4.0) than in 2020 ($2.5).
