The volume of carbon credit trading has grown dramatically over the past few years. With the demand for carbon credits surging, prices have risen, and the carbon marketplace has become more transparent—and functional. The rapid development of carbon credit markets and increasing commitments by governments and corporations to create explicit goals for greenhouse gas (GHG) emissions reductions have underlined the necessary role of carbon credits in global decarbonization, supporting the anticipated upward appreciation in the price of carbon in the coming decades. The development of increasingly clear and consistent standards-setting requirements for carbon credit projects together with more robust certification and verification of project results provides a foundation for investor confidence and continued growth for carbon markets.

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