Tag #Voluntary Carbon Market

How did different project types and geographical regions contribute to the overall growth or decline in traded carbon credits in 2024?

The 2024 growth, while modest, is significant due to the introduction of stricter regulations aimed at improving market transparency and integrity. This follows several years of stagnation and scandals, such as the C-Quest Capital fraud case involving the cancellation of over 5 million VCUs. Despite this setback, community-based projects showed substantial growth.