In 2023, voluntary carbon market (VCM) credit prices from removal projects averaged 15.91 U.S. dollars per metric ton of carbon dioxide equivalent. This was some three times higher than prices from reduction projects.
Reductions credits are through projects such as energy efficiency, the substitution of fossil fuels for renewable energy, or avoided degradation or destruction of natural carbon sinks such as forests. Removals, on the other hand, are generated through nature-based methodologies, including Afforestation-Reforestation and Revegetation (ARR), or engineered solutions, including direct air capture. Some projects include both carbon removals and reductions.
Average price of voluntary carbon market (VCM) credits for reduction and removal projects worldwide in 2022 and 2023
(in U.S. dollars per metric ton of carbon dioxide equivalent)
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Ecosystem Marketplace. (May 30, 2024). Average price of voluntary carbon market (VCM) credits for reduction and removal projects worldwide in 2022 and 2023 (in U.S. dollars per metric ton of carbon dioxide equivalent) [Graph]. In Statista. Retrieved October 14, 2024, from https://www.statista.com/statistics/1481227/vcm-removal-and-reduction-credit-prices-worldwide/
Ecosystem Marketplace. "Average price of voluntary carbon market (VCM) credits for reduction and removal projects worldwide in 2022 and 2023 (in U.S. dollars per metric ton of carbon dioxide equivalent)." Chart. May 30, 2024. Statista. Accessed October 14, 2024. https://www.statista.com/statistics/1481227/vcm-removal-and-reduction-credit-prices-worldwide/
Ecosystem Marketplace. (2024). Average price of voluntary carbon market (VCM) credits for reduction and removal projects worldwide in 2022 and 2023 (in U.S. dollars per metric ton of carbon dioxide equivalent). Statista. Statista Inc.. Accessed: October 14, 2024. https://www.statista.com/statistics/1481227/vcm-removal-and-reduction-credit-prices-worldwide/
Ecosystem Marketplace. "Average Price of Voluntary Carbon Market (Vcm) Credits for Reduction and Removal Projects Worldwide in 2022 and 2023 (in U.S. Dollars per Metric Ton of Carbon Dioxide Equivalent)." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/1481227/vcm-removal-and-reduction-credit-prices-worldwide/
Ecosystem Marketplace, Average price of voluntary carbon market (VCM) credits for reduction and removal projects worldwide in 2022 and 2023 (in U.S. dollars per metric ton of carbon dioxide equivalent) Statista, https://www.statista.com/statistics/1481227/vcm-removal-and-reduction-credit-prices-worldwide/ (last visited October 14, 2024)
Average price of voluntary carbon market (VCM) credits for reduction and removal projects worldwide in 2022 and 2023 (in U.S. dollars per metric ton of carbon dioxide equivalent) [Graph], Ecosystem Marketplace, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/1481227/vcm-removal-and-reduction-credit-prices-worldwide/