Thursday, 28 November 2024
Home News Carbon Direct Releases 2024 State of the Voluntary Carbon Market Report

The following content is a news release distributed by . The original news release may be found here.

Carbon Direct Releases 2024 State of the Voluntary Carbon Market Report

NEW YORK--(BUSINESS WIRE)--According to a report released today by Carbon Direct, the voluntary carbon market is at a key inflection point: carbon dioxide removal (CDR) is growing rapidly, however it still only represents 4% of available carbon credits in today's US$1 billion market. Carbon Direct’s analysis found that while there is oversupply in the broader market, demand for high-quality CDR is outstripping the supply for these credits. At the same time, the majority of forward CDR offtakes...

Read the full news release here

Related Articles

Alberta Premier Danielle Smith speaks at a press conference in Edmonton on October 31, 2024. THE CANADIAN PRESS/Jason Frans
BusinessEmissionsNatural GasOilPoliticsRegulations

Industry not consulted on Alberta’s plan to challenge federal emissions cap

Danielle Smith’s surprise Sovereignty Act plans to counter a proposed federal emissions...

FILE PHOTO: United Steelworkers (USW) union members picket outside Exxon Mobil's oil refinery amid a contract dispute in Beaumont, Texas, U.S., May 1, 2021. REUTERS/Erwin Seba/File Photo
BusinessCourtsEconomyLabourOilPoliticsRegulations

US labor board judge rules Exxon’s Texas refinery union lockout was legal

Exxon Mobil's 10-month lockout of 600 union workers at its Beaumont refinery...

Environment and Climate Change Minister Steven Guilbeault arrives to a caucus meeting on Parliament Hill in Ottawa, Wednesday, Nov. 27, 2024. THE CANADIAN PRESS/Sean Kilpatrick
ClimateEconomyEmissionsEnvironmentLegislationNatural GasOilPoliticsRegulations

Alberta’s pledge to take over ownership of emissions data ‘irresponsible’: Guilbeault

Alberta's emissions data plan risks federal law breaches, says Minister Guilbeault, calling...

Login into your Account

Please login to like, dislike or bookmark this article.