AlliedOffsets Issues New Report On Carbon Credits Eligible For Compliance Markets

AlliedOffsets Issues New Report On Carbon Credits Eligible For Compliance Markets - Carbon Herald

AlliedOffsets – the leading aggregated data source for carbon markets, announced they issued their first Policy Market Report. The report named Credits Bridging Voluntary and Compliance Carbon Markets tracks voluntary carbon markets credits and identifies which ones are eligible for compliance market schemes. 

AlliedOffsets tracks voluntary carbon market projects and retirements across 24 registries, and has recently launched a VCM/Compliance Tracker that allows users to see VCM projects and credits that qualify for over 8 different compliance schemes around the world. The report summarizes data from this new tool.

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The compliance carbon market mechanisms that are examined in the analysis are the Australia Safeguard Mechanism, the California Cap & Trade, the Chile Carbon Tax, Colombia Carbon Tax, the Regional Greenhouse Gas Initiative, the South African Carbon Tax, South Korea ETS, Mexico Queretaro Carbon Tax, Airport Accreditation Scheme, and the Washington State Cap & Invest. 

According to AlliedOffsets’ report, the volume of carbon credits that are eligible in these markets exceeds 450 million, with 80.8 million from them issued in Q1 2024. An increasing demand for VCM credits is expected in response to the EU’s Carbon Border Adjustment Mechanism. 

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The report also curates information about the all-time buyers of compliance-eligible carbon credits, having identified 142 brokers, traders and intermediaries of eligible carbon credits. Users can also check international carbon trading activities related to the Article 6 Agreement. The analysis outlines data on the first projects with Article 6 authorizations/ Corresponding Adjustments that come from Rwanda (cookstoves program), Tanzania (cooking devices) and Guyana (jurisdictional REDD+ project). 

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