Authors
We have published our second annual report analysing the state of the carbon project developer ecosystem.
About this Report
The report intends to promote transparency around the state of the carbon project developer ecosystem and its level of maturity, helping to assess the market’s capacity to produce the volumes and integrity claims required to ensure that the market is functioning effectively. It also reveals how actively the developers contribute knowledge and skills to the expansion of this sector.
We have examined aggregate data from project developers that submit reports to the four major registries: Verra’s Verified Carbon Standard (VCS), Gold Standard (GS), Climate Action Reserve (CAR), and the American Carbon Registry (ACR). The data comes from the Berkeley Carbon Trading Project and contains proprietary data from Abatable.
The report aims to set out critical developer-level findings and better comprehend supply-side implications for the Voluntary Carbon Market (VCM), in contrast to other research publications which favour project or registry-specific profiling.
Remarks
This year’s report highlights how the developer ecosystem is going through a fundamental transformation.
Firstly, the ecosystem has exhibited the first signs of market consolidation, illustrated by the Top 15 developers (across all project types) representing a larger share of historical issuances in 2022.