A multi-billion dollar market has developed across the world for carbon emission permits and reduction credits, offering companies that reduce greenhouse gases (GHGs) the opportunity to earn additional revenues.
In recent years, the voluntary carbon market has taken off because more and more companies are seeking carbon neutrality. Corporations large and small are looking for high-quality carbon offsets, but only if they meet strict criteria.
That’s where Carbonomics comes in. We help companies with GHG-lowering technologies navigate the complexity of bringing their projects to the carbon market. We work closely with all of the main registries that issue carbon offsets, which are also eligible under certain compliance programs, such as the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
Global Carbon Market Statistics:
Number of carbon pricing and cap-and-trade systems across the world: 61 (including 31 cap-and-trade programs)
Percentage of global emissions covered by these programs: 22% or 12 gigatons of CO2eq.
Revenues raised through these carbon pricing mechanisms in 2019: $45 billion
Number of carbon offset projects registered to date under all programs: 14,500
Total number of issued carbon credits these projects represent: 4,000,000,000
Source: State and Trends of Carbon Pricing 2020, Published by the World Bank
In the voluntary carbon market, we work with the following offset programs: