However, this is changing: in the compliance carbon market, the EU carbon price [1] reached an all-time high at the start of September at €62 per tonne in intraday trading. Once these Core Carbon Principles are agreed, voluntary carbon markets are expected to boom. Voluntary mitigation can benefit organisations and accelerate decarbonisation 9 2.6. The global market for voluntary carbon dioxide compensations is divided by type and by application for the period 2022-2028, the growth between the segments provides exact artificers and forecasts for sales by type and application in terms of volume and value. Mobilizing voluntary carbon markets to drive Release date: August 16, 2021. Battery Storage Market Today, the voluntary carbon market is “opaque, cumbersome and fragmentated” and “struggle[s] with low liquidity and scarce financing”, Carney said. Voluntary Carbon Market Size by Voluntary Carbon Offset Issuances and Retirements, 2004 to 31 August 2021. This report gives a comprehensive analysis of different segments on the basis of type, application, and region. External voluntary mitigation can be supported in other ways 9 2.5. 30 days limited access to subscriber-only content; In this report, we provide a comparative overview of carbon markets in Australia and overseas. Prices on the exchange tended to be less than $5 per ton of carbon dioxide and eventually collapsed to zero in 2010. The market for voluntary carbon offsets is on track to double in size to around US$1bn this year, according to Standard Chartered, as a growing number of companies and investors choose to buy these products to help lower their own emissions. The carbon market is on track this year to break an annual value of $1 billion, according to Ecosystem Marketplace, a forest trends nonprofit organization. Carbon markets are a critical tool in corporate emission reduction efforts. The global carbon price would vary from €30 per tCO2 in Europe to €15 per tCO2 on the international offset market and in the new US emissions trading scheme currently under discussion. Historically, the voluntary carbon market has grown alongside the Kyoto Protocol’s Clean Development Mechanism (CDM) until the early 2010s and then Stay signed in. Voluntary Carbon Credit Trading Market by Geographical Analysis: North America, Europe, Asia-Pacific etc What the voluntary carbon markets lack in size, they make up for in flexibility – spinning off innovations in project finance, monitoring, and methodologies that also influence regulatory market mechanisms. Since their first launch in the early 2000s, carbon markets have grown to cover around 20% of the global share of GHG emissions. The first VCM was the Chicago Climate Exchange which operated from 2003 to 2010. 1. A New Market Study, Titled “Voluntary Carbon Offset Market Upcoming Trends, Growth Drivers and Challenges” has been featured on fusionmarketresearch. All … future growth … 2018 2019 2020 Volume change 2019-2020 Value change 2019-2020 Share of total value Section 3 describes Market Research on Global Voluntary Carbon Offsets for Forestry Market 2021 by Company, Regions, Type and Application, Forecast to 2026 having 103.00 pages and available at USD 3,480.00 from MarketResearchReports.com Once implemented, CORSIA has the potential to be the biggest non-voluntary driver of carbon credit growth. of more than 30%, while third-party certification from the Voluntary Carbon Standard (VCS), one of the largest certifiers, is associated with a price discount of nearly 25%. developed to chart a path for voluntary carbon markets in the post-2020 world. New report from Ecosystem Marketplace on voluntary carbon markets finds 2021 is on track for annual market value record of $1 Billion+ for the first time, as all-time market value hits $6.7 Billion. 2021 will probably be remembered as the year when carbon finance emerged as a talking point among a wide range of industries. Crypto outfit sells single voluntary carbon credit for $70,000. In the next section, we describe the data used in our analysis and report descriptive statistics that characterize the market for voluntary carbon offsets. The average firm in our sample produces 1.97 million tons of scope 1 emissions, and is tied to 1.72 million tons of scope 3 emissions. This analysis can help you expand your business by targeting qualified niche markets. At USD0.6bn, the voluntary market represents just 0.01% of the compliance credit market. Commenting on the size of the carbon credits market, Dabkara said: “As of now, the global voluntary carbon market size is around $1.5 billion and we would be able to see more than two to three times growth in a few years. Retired credits are purchased by consumers and “retired” to avoid any potential future double counting. Voluntary Carbon Market Size by Voluntary Carbon Offset Issuances and Retirements, 2004 to 31 August 2021. Voluntary carbon credits are purchased by individuals and organisations on a voluntary basis to compensate for their greenhouse gas emissions. Trouble signing in? Q2 2021 review of Voluntary Carbon Market transactions (July 2021) view. Research has suggested that carbon should be priced between £40–£100/tCO2e in order to accurately represent the cost of reaching net zero by 2050. Carbon credits – or offsets – are one way for companies to reduce their emissions in the near term. Forestry and land use (including forestry offsets) represented 37%. Voluntary Carbon Credit Trading Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. Marcel Brinkman, Samuel Fankhauser, Ben Irons and Stephan Weyers The voluntary carbon market, which represents volume of well over $100 million, gives companies the tools to prepare for and demonstrate leadership beyond regulation on GHG emissions.1 The market is growing fast, perhaps doubling on a per annum basis. What does the U.S. voluntary carbon market look like today? Scope and Segmentation Analysis of the Voluntary Carbon Offsets Market : enable corporate decision makers to become educated consumers within voluntary carbon markets. “‘The global carbon offset market is tiny at $0.6 billion (2019) versus the much larger global carbon permit market at $44 billion (2018),’ Berenberg said in the note. Offset Strategy Development For The University of California | Global Voluntary Carbon Offsets Market 2021-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The size and activity of the voluntary carbon market are difficult to measure. The COP26 final agreement made progress on voluntary carbon trading markets, but critics said the language fell short of fully realizing the rules and procedures needed to bring market forces to bear as strongly as possible on emissions reduction.. That assessment matches the outcome of the entire two-week COP26, which "kept alive" the goal of limiting temperature … The Voluntary Standards Summary Report is published twice a year and shows, among other things, product or product areas associated with the voluntary standards work, the name of the employee leading each activity, the name(s) and designation(s) of the standards associated with the product, the purpose of staff’s involvement, the reporting period activity, and staff’s next … New Jersey, United States,- Verified Market Research recently published a new study on the Voluntary Carbon offsets Market with statistical data represented in tables, pie charts, graphs and numbers to help better understand the market.The report presents the current development scenario and emerging market trends. 4.3. Voluntary Carbon Credit Trading Market by End-User/Application: Industrial, Household, Energy Industry & Other. Estimates vary for the market size by 2030, with McKinsey putting it between $5-$50 billion. voluntary nationwide efforts to conserve, connect, and restore the lands, waters, and wildlife upon which we depend. Marcel Brinkman, Samuel Fankhauser, Ben Irons and Stephan Weyers A New Market Study, Titled "Voluntary Carbon Offset Market Upcoming Trends, Growth Drivers and Challenges" has been featured on fusionmarketresearch.Description. The Voluntary Registry Offsets Database contains all carbon offset projects, credit issuances, and credit retirements listed globally by four major voluntary offset project registries—Climate Action Reserve (CAR), American Carbon Registry (ACR), Verra, and Gold Standard. It complements other measures to ensure that California cost-effectively meets its goals for greenhouse gas emissions reductions. Source: Forest Trends' Ecosystem Marketplace, 2021. In a report published Wednesday, the company said the value of almost every major carbon … Overview. Our analysis is intended to be useful for carbon market participants who wish to trade emissions allowances, implement carbon abatement activities or develop new and innovative financial products which monetise the value of emissions allowances and carbon … Further resources on carbon offsets, offset quality, and reducing greenhouse gas emissions, as well as a Glossary of key terms, can be found at the end of this guide. Voluntary carbon markets, which emerged in the late 2000s, traded roughly 63.4 MtCO2e worth $191.3 million in 2016 (Hamrick and Grant 2017). Global “Voluntary Carbon Offsets Market”report provides a meticulous analysis of market dynamics, current developments, and trending business strategies. Each segment is carefully analysed for exploring its market potential. Agreement, Australian carbon policy, and demand for voluntary offsets by businesses. Annex B Party governments are another Sign in. The report includes a discussion of the key vendors operating in this market. Enabling Voluntary Carbon Offsetting There is no alternative to aviation when it comes to long distance and low carbon travel. President Biden also set out the goal of conserving 30 percent of our The voluntary carbon market needs to grow more than 15-fold by 2030 to support the investment required to deliver the 1.5°C pathway. World’s carbon markets grow 34% in value to $215 billion in 2019 -report. The market size of voluntary carbon offsets market in 2021 is expected to hit $1 billion. Voluntary Carbon Offset Market 2021-2027. It is projected that there will need to be a 15-fold increase in demand for voluntary offsets by 2030 in order to support the investment necessary to achieve a 1.5ºC pathway. This global study of the Voluntary Carbon Offset market offers an overview of the existing market trends, drivers, restrictions, and metrics and … Washington DC, Sept. 15, 2021 (GLOBE NEWSWIRE) -- In the first eight months of 2021, voluntary carbon markets have already posted a near-60% increase in value from last year, … Voluntary Carbon Credit Trading Market by Types: , REDD Carbon Offset, Renewable Energy, Landfill Methane Projects & Others. However, there is an international and a small domestic voluntary carbon market. Register for Free Trial. There is short term instability in the market for … What the voluntary carbon markets lack in size, they make up for in flexibility – spinning off innovations in project finance, monitoring, and methodologies that also influence regulatory market mechanisms. Mark Carney is leading efforts to draw up new guidelines to enhance the credibility of the voluntary global market for carbon offsets, alongside Bill Winters, CEO of financial giant Standard Chartered. California’s credit market is an example of a mandatory market. The Taskforce develop a blueprint for a voluntary carbon market which connects carbon credit supply to demand and ensures credibility in carbon credits being exchanged whilst being scalable to help investors as they meet the demand of more companies pledging to the 1.5°C ambition. A buyer of carbon offsets would be an entity needing to reduce or offset emissions. Voluntary Carbon Offset Market 2021-2027. The global Voluntary Carbon Offsets market size is projected to reach USD 700.5 million by 2027, from USD 305.8 million in 2020, at a CAGR of 11.7% during 2021-2027. Emission trading (ETS) for carbon dioxide (CO 2) and other greenhouse gases (GHG) is a form of carbon pricing.It is an approach to limit climate change by creating a market with limited allowances for emissions. To be effective, voluntary mitigation must have environmental integrity 9 3. A buyer of carbon offsets would be an entity needing to reduce or offset emissions. Each segment is carefully analysed for exploring its market potential. Description. Instead of buying credits, market participants also have the option to invest in new technology to reduce their GHG emissions below acceptable levels. The average prices for nature-based carbon offsets increased by 30% in 2019. Future Size of the Voluntary Carbon Market - Trove Research. This global study of the Voluntary Carbon Offset market offers an overview of the existing market trends, drivers, restrictions, and metrics and … Carney says the unified market for carbon offsets could be worth $100 billion by the end of the decade, up from about $300 million in 2018. With an increasing urgency to take the climate crisis head-on, the carbon market is growing at a strong pace. “‘The global carbon offset market is tiny at $0.6 billion (2019) versus the much larger global carbon permit market at $44 billion (2018),’ Berenberg said in the note. The number of funds and the capital invested have grown rapidly since 2000. A UK-based crypto currency venture has sold a single carbon credit for $70,000 without stating where the unit came from, a price astronomically higher than what units fetch in the voluntary carbon market. Carbon funds are a significant feature of the carbon market, especially the markets for CERs and emission reduction units (ERUs) from JI projects. Participants in the carbon market As for all markets, carbon markets require buyers and sellers. Voluntary carbon markets enable organisations to offset their emissions outside any mandated scheme. This analysis can help you expand your business by targeting qualified niche markets. Carbon Credit Demand, Supply and Prices – (June 2021) The insurance sector should bolster its role in the growing voluntary carbon market, according to a recent report that estimates that the sector’s 2030 cut could be as high as $1.3 bln, as more market participants look to address risks associated with forest fires and other perils. Voluntary markets will need to grow 15x within the decade, and they are being driven by … Forestry and land use projects are one of the larger voluntary carbon project categories (Hamrick and Grant 2018). The Global Voluntary Carbon Offsets Market 2021 is segmented as per type of product and application. Carbon Market Values: All-time Highs on Record Traded Volume Table 1.1 Global carbon market size 2018-2020 Refinitiv’s assessment of volume and value of the major carbon markets from 2018 to 2020. Former Bank of England Gov. EMEA Global Voluntary Carbon Offsets Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) The Voluntary Carbon Offsets market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. In 2019, renewable energy represented 42% of the carbon credits generated in the U.S. for the global voluntary carbon market (calculated from Donofrio et al., p. 1). Insurers eye $1.3 billion opportunity in voluntary carbon market. Additionally, as more coastal voluntary carbon market projects are implemented, additional supply in the voluntary market may drive the price of the credits down and make it more difficult to find buyers ; this has already been observed in Kenya . Meanwhile, demand is … Carbon prices within the voluntary offsetting market vary greatly, from £3/tCO2e to £30/tCO2e. First, there is a growing level of demand for carbon credits, including from businesses looking to voluntarily reduce their emissions profile. A good introduction to voluntary carbon markets in the US, available carbon brokers, and some of the strategies used by corporations to approach carbon neutrality through market-based means. The voluntary carbon market is expected to reach a record high in 2021, with almost 250mn t of CO2-eq of credits issued at the time of writing, an increase of over 30pc year-on-year. However, there is an international and a small domestic voluntary carbon market. Electric power markets in the United States are undergoing significant structural change that we believe, based on planning data we collect, will result in the installation of the ability of large-scale battery storage to contribute 10,000 megawatts to the grid between 2021 and 2023—10 times … Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years. What is the total market value of Voluntary Carbon Offsets market? Carbon markets are a critical tool in corporate emission reduction efforts. The global carbon price would vary from €30 per tCO2 in Europe to €15 per tCO2 on the international offset market and in the new US emissions trading scheme currently under discussion. Voluntary Carbon Offset Market 2021-2027. There are many simple changes that can be made to the everyday lifestyle of a person that would reduce their GHG footprint. For example, the voluntary carbon market has spawned its own standards, registries, and project types beyond the scope of existing compliance market … The Taskforce for Scaling Voluntary Carbon Markets has released its blueprint for creating large-scale carbon credit trading markets. The first carbon credits were purchased in 1996 for so-called REDD projects (Reducing Emissions from Deforestation and Forest Destruction). According to Ecosystem Marketplace, the market for voluntary offsets came close to $300 million and traded almost 100 million metric tons of carbon dioxide equivalent in … The global voluntary carbon market allows companies to invest in environmental projects in order to buy a carbon emissions reduction elsewhere in the world. Our new report by Trove Research and UCL shows that the market could be flooded with poor quality credits, resulting in a failure to meaningfully reduce carbon dioxide emissions. The Cap-and-Trade Program is a key element of California’s strategy to reduce greenhouse gas emissions. The 'Taskforce on Scaling Voluntary Carbon Markets' (the "Taskforce") is a private sector initiative working to scale an effective and efficient voluntary carbon credit market to help meet the goals of the Paris Agreement.The Taskforce is spearheaded by Mark Carney, UN Special Envoy for Climate Action and Finance Advisor to UK Prime Minister Boris Johnson for … 2.3. The report covers the market landscape and its growth prospects in the coming years. Carbon offset prices in the voluntary market, globally, span a wide range: in the first quarter of 2018, prices ranged from $0.1/MtCO2e to $70/MtCO2e with an average price of $3/MtCO2e. Notably, the median number is the largest for scope 3 emissions, as almost all companies in our sample are tied to a significant quantity … In addition, there is the voluntary carbon market, in which companies can either partially, fully, or even overcompensate for their emissions on a voluntary basis. VCMs are currently nascent, with a value of only $300 million in 2020. Voluntary purchases of carbon credits from emission reduction or sequestration projects outside the regulated market. This global study of the Voluntary Carbon Offset market offers an overview of the existing market trends, drivers, restrictions, and metrics and also offers a … The Global Voluntary Carbon Offsets Market 2021 is segmented as per type of product and application. What does the U.S. voluntary carbon market look like today? An exclusive data offered in this report is The voluntary carbon market needs to grow more than 15-fold by 2030 to support the investment required to deliver the 1.5°C pathway. Battery Storage in the United States: An Update on Market Trends. The global Voluntary Carbon Offsets market size is projected to reach USD 463.7 million by 2026, from USD 247.9 million in 2020, at a CAGR of 11.0% during 2021-2026. Sign in to continue. The Taskforce for Scaling Voluntary Carbon Markets has released its blueprint for creating large-scale carbon credit trading markets. Forestry and land use (including forestry offsets) represented 37%. To analyze the voluntary carbon market, we focus on two metrics: issuances and retirements, which together give a good idea of market dynamics. Email address. In a new report, developed in collaboration with BCG, we look at the voluntary carbon market today and the factors that will shape its future. analyses of carbon offsets, vendors, and the voluntary carbon market, and/or seek advice from a reputable environmental organization or greenhouse gas consultant. The global market for voluntary carbon dioxide compensations is divided by type and by application for the period 2022-2028, the growth between the segments provides exact artificers and forecasts for sales by type and application in terms of volume and value. Q1 WCI auction size drops 12% on lower unsold volumes. Voluntary Carbon Offset Market 2021-2027. The outlook reflects the views of more than 100 industry experts, setting out potential scenarios for the market's development and examining the characteristics of the voluntary market in the future. Savills Rural Research. Carbon Market Rules Formally Enshrined in Glasgow Package Voluntary Carbon Markets Top $1 Billion in 2021 with Newly Reported Trades, a … All … 1. This paper focuses on the growth in the voluntary carbon market and factors that may affect the market. New VCMs emerged in the following decade to facilitate trading of two types of credits: t… ~4–20x multiples of demand for credits from the carbon market size today. Scaling up a credible voluntary carbon offset market using Nature-Based Solutions (NBS) is a core foundation for achieving a net-zero emissions outcome by 2050. This global study of the Voluntary Carbon Offset market offers an overview of the existing market trends, drivers, restrictions, and metrics and … Creating shared principles for defining and verifying carbon credits. In 2019, just over $300m worth of trading took place on the voluntary market “when these projects should be measured in the tens of billions dollars per year,” he added. Source: Forest Trends' Ecosystem Marketplace, 2021. Voluntary Carbon Offsets Market 2021 : Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026 with Dominant Regions and Countries Data - Password. A New Market Study, Titled “Voluntary Carbon Offset Market Upcoming Trends, Growth Drivers and Challenges” has been featured on fusionmarketresearch. The voluntary carbon market connects mitigation opportunities with carbon finance 8 2.4. Reset password: Click here. CORSIA requires airlines to offset gains in their emissions after 2020, and when using the pre-COVID airline traffic increase predictions, this could result in ~4-20x multiples of demand for credits from the carbon market size today. A New Market Study, Titled "Voluntary Carbon Offset Market Upcoming Trends, Growth Drivers and Challenges" has been featured on fusionmarketresearch.Description. Latest update report on Voluntary Carbon Offset Market Size, Share, Growth, Industry Trends and Forecast by 2028. The Clean Energy Regulator’s Quarterly Carbon Market Reports provide a regular view of supply and demand across the carbon markets schemes we administer and explores key factors that influence market performance. Carbon markets will play a key role in reaching net zero goals. Carbon Brief analysis at the time found India’s emissions could increase 90% between 2014 and 2030, even if the pledge is met. Our analysis is intended to be useful for carbon market participants who wish to trade emissions allowances, implement carbon abatement activities or develop new and innovative financial products which monetise the value of emissions allowances and … Building an effective voluntary carbon market will require concerted effort across a number of fronts. Solutions Everyday life changes. The Taskforce on Scaling Voluntary Carbon Markets. In 2019, renewable energy represented 42% of the carbon credits generated in the U.S. for the global voluntary carbon market (calculated from Donofrio et al., p. 1). In this report, we provide a comparative overview of carbon markets in Australia and overseas. Thus, providers of credits will need to ensure quality, appropriate funding, and cooperation with local institutions to meet the growing demand for these key voluntary carbon market in 2019 was 104 Mton CO2e with a market value of USD 282.3 million, and an average price of USD 2.7 /ton CO2e (Ecosystem 2019 to 2026. Overview. The report offers a qualitative and quantitative analysis of market size, share. Voluntary carbon markets also exist for the purpose of allowing companies to demonstrate their commitment to reducing GHG emissions. Global Voluntary Carbon Offsets Market Size, Status and Forecast 2021-2027 : The increasing use of Voluntary Carbon Offsets in Personal, Enterprise … Thus, there is a tradeoff to using voluntary carbon mechanisms. Based on growing global network of 172 EM Respondents (13% increase from 2020 of 152), with traded credits from projects located in 80 countries. Q3 2021 review of Voluntary Carbon Market transactions (October 2021) view. Voluntary Carbon Offsets Market Size, Share & Industry Analysis, By Type (Forestry, Renewable Energy, Landfill Methane Projects, Others), By Application (Industrial, Household Device, Energy Industry, Agriculture, Others), By End-Use (Government, Non-Government, Private Sector, Others) And Regional Forecast 2021-2028 California and Quebec’s first auction of 2022 will decline in size from the last sale of 2021, as entities scooped up the majority of the remaining unsold allowances in the linked cap-and-trade market this year, according to an auction notice posted Friday. Participants in the carbon market As for all markets, carbon markets require buyers and sellers. If true, the global voluntary carbon market must grow a staggering 15 times, or double in size every 2.5 years, over the next decade, to meet these targets. Unfortunately, Pakistan has made limited progress to date in participating in the voluntary carbon market. The ICVCM is working hard to address these issues by creating a standard definition of what a high-quality carbon credit should look like. The quantity of scope 2 emissions is relatively smaller, at 342,000 tons of CO 2 equivalent. This can lower competitiveness of fossil fuels and accelerate investments into low carbon sources of energy such as wind power and photovoltaics. Description. Millions of tonnes (Mt), millions of euros. Washington DC, Sept. 15, 2021 (GLOBE NEWSWIRE) -- In the first eight months of 2021, voluntary carbon markets have already posted a near-60% increase in value from last year, … BeZero’s Carbon Markets Consultant, Nandita Lal analyzes Klima DAO’s transactions and what it means for the future of the voluntary carbon market. Paris agreement The Paris Agreement has established the most ambitious treaty on climate change to date. The Taskforce on Scaling Voluntary Carbon Markets provides scenarios ranging form US$5 a tonne to US$100 a tonne, which would equate to a US$5bn to US$180bn primary market a year by 2030. Q3 Update – Carbon Neutral Fossil Fuel Claims view. Market history and structure; The voluntary market today is much smaller than the mandatory, but has massive potential. A similar trend was observed for retired credits. Once implemented, CORSIA has the potential to be the biggest non-voluntary driver of carbon credit growth. In fact, since July 2019 the price of carbon has doubled to around £50/tonne today. Show Carbon credits can be a catalyst for landscape protection and restoration, funding additional forest conservation and restoration as well as offsetting emissions from business activities. In its report, the TSVCM identified six areas, spanning the carbon-credit value chain, where action can support the scaling up of the voluntary carbon market. The voluntary carbon market is facilitated by certification programs (e.g. Figure 1: Estimated market size for voluntary carbon markets in Pakistan. 2.3 Role of voluntary carbon markets 32 3 Readiness of SEMED countries for carbon market development 37 3.1 Nationally Determined Contributions 37 3.2 Country profiles 38 3.2.1 Morocco 38 3.2.2 Jordan 39 3.2.3 Egypt 40 3.2.4 Tunisia 40 3.3 SEMED countries’ readiness for setting up carbon market instruments 42 Currently, the general market for carbon in Australia faces two key challenges. The market for voluntary carbon offsets, unlike government-backed systems such as the European Union’s emissions-trading scheme (which applies to large industrial polluters), has no unified rules and regulations and is based on voluntary standards such as Gold Standard, Verified Carbon Standard (VCS) and ISO 14064, which do not always align. McKinsey estimates that in 2020, buyers retired carbon credits for some 95 million tons of carbon-dioxide equivalent (MtCO 2 e), which would be more than twice as much as in 2017. The Global Voluntary Carbon Offsets market size is projected to reach USD 463.7 million by 2026, from USD 247.9 million in 2020, at a CAGR of 11.0% during 2022-2026. Carbon offset prices in the voluntary market, globally, span a wide range: in the first quarter of 2018, prices ranged from $0.1/MtCO2e to $70/MtCO2e with an average price of $3/MtCO2e. Email: subs@endseurope.com. The Taskforce on Scaling Voluntary Carbon Markets provides scenarios ranging form US$5 a tonne to US$100 a tonne, which would equate to a US$5bn to US$180bn primary market a year by 2030.