Carbonbase

Invest in a positive climate future!

Carbon Credit Market development

In 2015, 195 countries signed the Paris Agreement and pledged to reduce their emissions in order to keep the global temperature from rising more than 2 degrees, and preserving the stability of our earth’s climate. Scientists from the Intergovernmental Panel on Climate Change (IPCC) have described a “carbon budget” - the total CO2 we can emit and stay under 2 degrees. Since the Kyoto Protocol in 2005, governments have tried to implement a carbon market to drive down emissions. Today, the The agreed total cap on emission created the carbon credit market, which puts cost pressure on polluting companies.

Market Size & Facts

Global carbon markets transacted more than US$200 billion in 2019, with 90% of the value coming from the EU Emission Trading Scheme. Other carbon markets include the California and New England (under the Regional Greenhouse Gas Initiative), and the Clean Development Mechanism (CDMs).