S&P Global Platts assessed CORSIA-eligible carbon (CEC) credits at $8.71/mt CO2e at the close Nov. Voluntary carbon credit prices have surged in 2021 as demand grows among companies to offset their emissions as part of strategies to reach net-zero by 2050 or sooner, or to meet targets in other voluntary programs. Verra will operationalize CAs through labels,' the company said. 'Corresponding adjustments – while mandatory to meet NDCs or international mitigation purposes such as ICAO CORSIA – are optional for VCM transactions such as corporate offsetting. This plays into the voluntary carbon market by creating an option for companies to buy credits linked to corresponding adjustments. The deal in Glasgow successfully avoids double-counting of emissions reductions by requiring any countries transferring carbon credits abroad to make a corresponding adjustment – an increase in its national emissions tally.

'COP26 confirms the role of the VCM to channel finance, technology, and capacity to climate mitigation activities, particularly in developing countries, and to transfer mitigation outcomes that help countries meet their Nationally Determined Contributions and achieve a 1.5 degrees C future,' Verra said in a statement. Receive daily email alerts, subscriber notes & personalize your experience.Īlmost 200 countries reached agreement on Article 6 of the Paris Agreement, which sets out the rules for global trade in greenhouse gas emissions reductions – a move that strengthens the market for voluntary carbon credits, Verra said.

Carbon credits price chart