In June 2021, we published our first Carbon Credit Crunch Report. We noted there was a considerable uptick in the volume of credits issued and retired. We also predicted that the market paradigm of demand outpacing supply would create upward price pressure and a scramble for quality credits.
This proved to be correct. In November 2021, the value for the 2021 voluntary carbon credit market breached $1billion, making headlines in major publications including BloombergNEF, Financial Times, and S&P Global.
We conducted our analysis again at the start of 2022 to see how 2021 wrapped up and what we could expect in the year ahead.