Waterfall chart showing the size of the voluntary carbon market in 2021, in terms of market value and amount of emissions reduced, sorted into types of projects. For both, forestry and land use projects took the highest spot, followed by renewable energy. Forestry and land use projects amounted to USD 1327.5 million and reduced 227.7 million tonnes of CO2e in 2021. Renewable energy projects amounted to USD 479.1 million and reduced 211.4 million tonnes of CO2e in the same year.

Stakeholders tend to buy carbon credits from forestry and land use projects the most, followed by renewable energy projects.

Size of the voluntary carbon market in 2021, in terms of market value and amount of emissions reduced

= Total project value (million USD)

= Volume of CO2e reduced (MtCO2e)

Waterfall chart showing the size of the voluntary carbon market in 2021, in terms of market value and amount of emissions reduced, sorted into types of projects. For both, forestry and land use projects took the highest spot, followed by renewable energy. Forestry and land use projects amounted to USD 1327.5 million and reduced 227.7 million tonnes of CO2e in 2021. Renewable energy projects amounted to USD 479.1 million and reduced 211.4 million tonnes of CO2e in the same year.

Stakeholders tend to buy carbon credits from forestry and land use projects the most, followed by renewable energy projects.

Size of the voluntary carbon market in 2021, in terms of market value and amount of emissions reduced

= Total project value (million USD)

= Volume of CO2e reduced (MtCO2e)

Waterfall chart showing the size of the voluntary carbon market in 2021, in terms of market value and amount of emissions reduced, sorted into types of projects. For both, forestry and land use projects took the highest spot, followed by renewable energy. Forestry and land use projects amounted to USD 1327.5 million and reduced 227.7 million tonnes of CO2e in 2021. Renewable energy projects amounted to USD 479.1 million and reduced 211.4 million tonnes of CO2e in the same year.

Stakeholders tend to buy carbon credits from forestry and land use projects the most, followed by renewable energy projects.

Size of the voluntary carbon market in 2021, in terms of market value and amount of emissions reduced

= Total project value (million USD)

= Volume of CO2e reduced (MtCO2e)