The 2023 Way-Too-Early VCM Forecast is on the Way
We’re excited to announce that our quarterly voluntary carbon market update is scheduled to be released on January 10, 2023.
This edition will recap the latest developments in the VCM, highlighting key trends from 2022 and revealing our very early forecast for VCM growth (or contraction) in 2023.
The report follows our September report, which was the first in the industry to highlight the reduced activity in the VCM, contrasting the popular narrative.
We anticipated growth to slow to 2% this year, down from 73% in the previous year. It’s difficult to say where the numbers will end up with ~10 days left in the year, but it seems likely that we’re going to be on the lower projection of our 95% confidence interval:
In addition to providing a forecast for 2023, the report will also highlight key changes in sector retirement numbers this year. For example, we recently highlighted that while Forestry and Land Use credit retirements have shrunk considerably vs. last year, renewables and chemicals projects have picked up in pace, making up some of the numbers. The report will provide more detail on the key dynamics in 2022.
The report will also include information on country flows, showing some surprising data on where VCM tends to channel funds; issuance information; data on vintages; corporate activity; pricing overviews; and much more!
Don’t miss the report: sign up for our newsletter here to be notified as soon as it’s published.
