VCM Market Capitalization March 2024

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Executive Summary:

  • The size of the Voluntary Carbon Market is significantly greater than commonly reported
  • The current market capitalization of the Voluntary Carbon Market is estimated to be US$ 4.7 billion, with 53% allocated to technology-based projects, 36.1% to nature-based projects, and 10.9% to household devices projects.
  • Market capitalization for nature-based projects and household device projects is estimated to be US$ 1.5 billion and US$ 0.5 billion respectively, whilst US$ 2.7 billion is the estimated value of Technology-based projects.
  • The market capitalization surge in H2 2021 aligns with the strong price rally observed at that time, while the decrease since June 2022 indicates a contraction. Figures observed today are still higher than June 2021.

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About the author:

Bertrand Le Nézet has 15 years experience in financial markets, within major financial institutions in Europe and Asia, and as an independent portfolio manager. His expertise is anchored in a unique cross-section of quantitative finance and technology, for the fixed income, commodities, equities, and natural capital asset classes. He has a masters degree in Computer Science and a Certificate of Quantitative Finance (CQF).

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