The world’s leading voluntary carbon market report, produced by Ecosystem Marketplace and Bloomberg Energy Finance, showed a 34% increase in the voluntary carbon market volume in 2010. Despite the closing of the Chicago Climate Exchange (CCX) in 2010, an increase in the voluntary market overall was driven by continued CSR and specifically by projects aimed at saving endangered rainforest and capturing carbon in trees; a mechanism known as “Reduced Emissions from Deforestation and Degradation” (REDD).
In 2010, REDD accounted for almost 30% of all emissions reductions documented, thanks in part to new REDD methodologies published by the “Verified Carbon Standard” (VCS) which provided guidance for almost a third of all credits. As a result there was a surge of activity with REDD projects especially in Brazil and Latin America where there was a doubling of credits from the previous year. Read more at Greenbiz.com here.
Tags: Brazil, Carbon, deforestation, REDD
