Oil major forecasts VER demand to soon outstrip supply, market to reach $40 bln by 2030

Published 15:57 on January 19, 2023  /  Last updated at 16:36 on January 19, 2023  /  Aviation/CORSIA, International, Nature-based, Voluntary  /  No Comments

An oil major on Thursday said it believes the voluntary carbon market (VCM) will grow from its current $2 billion valuation to reach $10-40 bln by 2030, with bullish credit price projections based on strong demand increases and tightening supply in the coming years.

An oil major on Thursday said it believes the voluntary carbon market (VCM) will grow from its current $2 billion valuation to reach $10-40 bln by 2030, with bullish credit price projections based on strong demand increases and tightening supply in the coming years.

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