{"id":4563949,"date":"2024-06-01T17:44:13","date_gmt":"2024-06-01T21:44:13","guid":{"rendered":"https:\/\/www.forest-trends.org\/?post_type=rd_series&#038;p=4563949"},"modified":"2024-07-03T17:50:10","modified_gmt":"2024-07-03T21:50:10","slug":"resilience-dispatch-36-a-market-in-transition","status":"publish","type":"rd_series","link":"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/","title":{"rendered":"Resilience Dispatch #36: A Market in Transition"},"content":{"rendered":"<table id=\"bodyTable\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; height: 100%; margin: 0; padding: 0; width: 100%; background-color: #fafafa;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"center\">\n<tbody>\n<tr>\n<td id=\"bodyCell\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; height: 100%; margin: 0; padding: 0; width: 100%; border-top: 0;\" align=\"center\" valign=\"top\">\n<table style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td id=\"templateHeader\" style=\"background: #ffffff none no-repeat center\/cover; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; background-color: #ffffff; background-image: none; background-repeat: no-repeat; background-position: center; background-size: cover; border-top: 0; border-bottom: 0; padding-top: 9px; padding-bottom: 0;\" align=\"center\" valign=\"top\">\n<table class=\"templateContainer\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; max-width: 600px !important;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"center\">\n<tbody>\n<tr>\n<td class=\"headerContainer\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnCaptionBlock\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnCaptionBlockOuter\">\n<tr>\n<td class=\"mcnCaptionBlockInner\" style=\"padding: 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnCaptionBottomContent mcnBlockFloatLeft\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnCaptionBottomImageContent\" style=\"padding: 0 9px 9px 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" align=\"center\" valign=\"top\"><img decoding=\"async\" class=\"mcnImage\" style=\"max-width: 1875px; border: 0; height: auto; outline: none; text-decoration: none; -ms-interpolation-mode: bicubic; vertical-align: bottom;\" src=\"https:\/\/mcusercontent.com\/cff95aefc075dc49e7553805f\/images\/28242ff2-415e-7233-8f4c-805d27011ba2.png\" alt=\"\" width=\"564\" \/><\/td>\n<\/tr>\n<tr>\n<td class=\"mcnTextContent\" style=\"padding: 0px 9px; font-family: Lora, Georgia, 'Times New Roman', serif; text-align: right; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; color: #00303d; font-size: 18px; line-height: 150%;\" valign=\"top\" width=\"564\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td id=\"templateUpperBody\" style=\"background: #ffffff none no-repeat center\/cover; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; background-color: #ffffff; background-image: none; background-repeat: no-repeat; background-position: center; background-size: cover; border-top: 0; border-bottom: 0; padding-top: 0; padding-bottom: 0;\" align=\"center\" valign=\"top\">\n<table class=\"templateContainer\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; max-width: 600px !important;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"center\">\n<tbody>\n<tr>\n<td class=\"bodyContainer\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnDividerBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; table-layout: fixed !important;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnDividerBlockOuter\">\n<tr>\n<td class=\"mcnDividerBlockInner\" style=\"min-width: 100%; padding: 18px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\">\n<table class=\"mcnDividerContent\" style=\"min-width: 100%; border-top: 2px solid #EAEAEA; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnBoxedTextBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnBoxedTextBlockOuter\">\n<tr>\n<td class=\"mcnBoxedTextBlockInner\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnBoxedTextContentContainer\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; padding: 9px 18px 9px 18px;\">\n<table class=\"mcnTextContentContainer\" style=\"min-width: 100% !important; background-color: #00303d; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"padding: 18px; color: #f2f2f2; font-family: Helvetica; font-size: 14px; font-weight: normal; line-height: 100%; text-align: left; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word;\" valign=\"top\"><span style=\"font-size: 14px;\"><span style=\"font-family: helvetica neue,helvetica,arial,verdana,sans-serif;\"><strong>In this edition: <\/strong><\/span><\/span>New data on the voluntary carbon market shows a market in transition.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnTextBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" style=\"padding-top: 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" style=\"max-width: 100%; min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"padding: 0px 18px 9px; font-family: 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 13px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; color: #202020; line-height: 150%; text-align: left;\" valign=\"top\">\n<div><span style=\"font-size: 14px;\"><span style=\"font-family: helvetica neue,helvetica,arial,verdana,sans-serif;\"><strong>Missed our last Dispatch?<\/strong>\u00a0<a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-35-a-hopeful-story-about-water\/\" target=\"_blank\" rel=\"noopener\">A\u00a0Hopeful Story About Water<\/a><\/span><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnDividerBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; table-layout: fixed !important;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnDividerBlockOuter\">\n<tr>\n<td class=\"mcnDividerBlockInner\" style=\"min-width: 100%; padding: 18px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\">\n<table class=\"mcnDividerContent\" style=\"min-width: 100%; border-top: 2px solid #EAEAEA; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnBoxedTextBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnBoxedTextBlockOuter\">\n<tr>\n<td class=\"mcnBoxedTextBlockInner\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnBoxedTextContentContainer\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; padding: 9px 18px 9px 18px;\">\n<table class=\"mcnTextContentContainer\" style=\"min-width: 100% !important; border: 3px solid #006666; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"padding: 18px; color: #222222; font-family: 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 14px; font-weight: normal; text-align: left; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; line-height: 150%;\" valign=\"top\">\n<h4 class=\"null\" style=\"display: block; margin: 0; padding: 0; color: #006666; font-family: 'Lora', Georgia, 'Times New Roman', serif; font-size: 16px; font-style: normal; font-weight: bold; line-height: 125%; letter-spacing: normal; text-align: left;\"><span style=\"font-family: helvetica neue,helvetica,arial,verdana,sans-serif;\">In this edition<\/span><\/h4>\n<ul>\n<li style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\"><a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"#INTRO\" target=\"_blank\" rel=\"noopener\">Introduction: A m<\/a><a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"#INTRO\" target=\"_blank\" rel=\"noopener\">arket in transition<\/a><\/li>\n<li style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\"><a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"#SOVCM 2024\" target=\"_blank\" rel=\"noopener\">State of the Voluntary Carbon Market 2024<\/a><\/li>\n<li style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\"><a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"#how carbon markets can serve as a catalyst\" target=\"_blank\" rel=\"noopener\">How Carbon Markets Can Serve as a Catalyst to a Low-carbon, Green Economy<\/a><\/li>\n<li style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\"><a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"#jurisdictional REDD+\" target=\"_blank\" rel=\"noopener\">Without Projects, Jurisdictional REDD+ Programs Risk Becoming &#8216;Paper Parks&#8217;<\/a><\/li>\n<li style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\"><a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"#Growing pains\" target=\"_blank\" rel=\"noopener\">Growing Pains of a Burgeoning Market<\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnDividerBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; table-layout: fixed !important;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnDividerBlockOuter\">\n<tr>\n<td class=\"mcnDividerBlockInner\" style=\"min-width: 100%; padding: 18px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\">\n<table class=\"mcnDividerContent\" style=\"min-width: 100%; border-top: 2px solid #EAEAEA; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnTextBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" style=\"padding-top: 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" style=\"max-width: 100%; min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"padding: 0px 18px 9px; font-family: 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 13px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; color: #202020; line-height: 150%; text-align: left;\" valign=\"top\">\n<p style=\"font-family: 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 13px; margin: 10px 0; padding: 0; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #202020; line-height: 150%; text-align: left;\"><span style=\"color: #00303d;\"><span style=\"font-size: 18px;\"><span style=\"font-family: helvetica neue,helvetica,arial,verdana,sans-serif;\"><strong>INTRODUCTION: A MARKET IN TRANSITION<a id=\"INTRO\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" name=\"INTRO\"><\/a><\/strong><\/span><\/span><\/span><\/p>\n<p><span style=\"font-size: 13px;\"><span style=\"font-family: lora,georgia,times new roman,serif;\">On May 31<sup>st<\/sup>, we released our annual\u00a0<a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"https:\/\/www.ecosystemmarketplace.com\/publications\/2024-state-of-the-voluntary-carbon-markets-sovcm\/\" target=\"_blank\" rel=\"noopener\">State of the Voluntary Carbon Market report<\/a><u>, against a backdrop of some very important developments in the carbon market. Within the span of two weeks,<\/u>\u00a0the White House released\u00a0<a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2024\/05\/28\/fact-sheet-biden-harris-administration-announces-new-principles-for-high-integrity-voluntary-carbon-markets\/\" target=\"_blank\" rel=\"noopener\">new Principles<\/a>\u00a0for High-integrity Voluntary Carbon Markets. The Symbiosis Coalition made an\u00a0<a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"https:\/\/www.symbiosiscoalition.org\/perspectives\/introductory-blog\" target=\"_blank\" rel=\"noopener\">advance market commitment<\/a>\u00a0for up to 20 million tons of nature-based carbon removal credits by 2030. And then the Integrity Council for Voluntary Carbon Markets (ICVCM) announced its approval of the first seven carbon credit methodologies that meet its\u00a0<a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"https:\/\/icvcm.org\/integrity-council-announces-first-high-integrity-ccp-labelled-carbon-credits-as-assessments-continue\/\" target=\"_blank\" rel=\"noopener\">high-integrity standards<\/a>\u00a0(known as the Core Carbon Principles).<\/span><\/span><\/p>\n<p>These events arrive after a challenging year in many ways for the voluntary carbon market. Our global analysis finds that market transaction value dropped 61 percent year-on-year, driven by a fall in transactions for REDD+ and renewable energy (which make up the majority of the market).<\/p>\n<p>The data show us a market in transition, as important integrity guardrails are being put into place. In many ways, 2023 was a year spent in limbo, as buyers waited for the ICVCM Core Carbon Principles, VCMI Claims Code, and Verra consolidated REDD methodology to come into operation. In the first six months of 2024, we\u2019re already seeing signs of both stabilizing prices and strong future demand, such as the Symbiosis announcement and new\u00a0<a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"https:\/\/emergentclimate.com\/costa-rica-and-ghana-agree-landmark-deals-to-supply-forest-carbon-credits-to-leaf-coalition-buyers\/\" target=\"_blank\" rel=\"noopener\">Emission Reduction Purchase Agreements<\/a>\u00a0signed for jurisdictional REDD+ credits from Ghana and Costa Rica.<\/p>\n<p>A year\u2019s worth of market data allows us to see nuance in the numbers. For example, the finding of credit\u00a0<em>transactions<\/em>\u00a0declining reflects more complicated dynamics than a simple demand contraction \u2013 including a drop in speculative trading, and some buyers stepping back after over-purchasing in previous years. Meanwhile, our data on credit\u00a0<em>retirements<\/em>\u00a0and project registrations (particularly for nature-based projects) in 2023 show a different trend: one of long-term supply and demand remaining robust. That \u201cbig picture\u201d overview is one of the benefits of these reports.<\/p>\n<p>We\u2019re also tracking the rollout of Article 6 of the Paris Climate Agreement on carbon trading mechanisms. Significant uncertainty remains around Article 6 implementation, how it will interact with the voluntary carbon market, and how countries should be thinking about their national A6 strategies. The world is at a pivotal moment for ensuring success of the Paris Agreement targets. And yet I don\u2019t see the necessary infrastructure for data-sharing and decision-making in place, so that countries can design strategies around their Nationally Determined Commitments as effectively as possible. We need to build that, quickly.<\/p>\n<p>Most troublingly, the report shows that a substantial amount of private finance to forest- and nature-based climate solutions, particularly in the Global South, evaporated last year. Transactions for nature-based credits plummeted by nearly 70%, from $1.1B to $351M. So, some $750 million of climate finance did not flow to tropical forests last year. Some Projects in Asia, Latin America, and the Caribbean, where the majority of these projects are located, bore the brunt of that fall \u2013 an unintendedly broad consequence, perhaps, of heavy recent scrutiny of certain projects and methodologies.<\/p>\n<p>In this Dispatch, we\u2019ll cover some findings of the\u00a0<em>State of the Voluntary Carbon Market<\/em>\u00a0report, and are also pleased to share some insights and reactions to the report&#8217;s findings from experts in the field. We enjoy our role in helping to host the conversation around market direction and design, and we are grateful to all of you for taking part in it.<\/p>\n<p>Michael Jenkins<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnDividerBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; table-layout: fixed !important;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnDividerBlockOuter\">\n<tr>\n<td class=\"mcnDividerBlockInner\" style=\"min-width: 100%; padding: 18px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\">\n<table class=\"mcnDividerContent\" style=\"min-width: 100%; border-top: 2px solid #EAEAEA; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnBoxedTextBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnBoxedTextBlockOuter\">\n<tr>\n<td class=\"mcnBoxedTextBlockInner\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnBoxedTextContentContainer\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; padding: 9px 18px 9px 18px;\">\n<table class=\"mcnTextContentContainer\" style=\"min-width: 100% !important; background-color: #00303d; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"padding: 18px; color: #f2f2f2; font-family: 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 24px; font-weight: normal; text-align: center; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; line-height: 150%;\" valign=\"top\"><span style=\"font-size: 18px;\"><strong><span style=\"font-family: helvetica neue,helvetica,arial,verdana,sans-serif;\">STATE OF THE VOLUNTARY CARBON MARKET 2024<\/span><\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnTextBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" style=\"padding-top: 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" style=\"max-width: 100%; min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; color: #202020; font-family: 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 13px; line-height: 150%; text-align: left; padding: 0 18px 9px 18px;\" valign=\"top\"><strong><span style=\"color: #00303d;\"><span style=\"font-size: 18px;\"><span style=\"font-family: helvetica neue,helvetica,arial,verdana,sans-serif;\">A MARKET ON THE PATH TO MATURITY<a id=\"SOVCM 2024\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" name=\"SOVCM 2024\"><\/a><\/span><\/span><\/span><\/strong><\/p>\n<p>A new report by Ecosystem Marketplace, <em>On the Path to Maturity: State of the Voluntary Carbon Market 2024<\/em>, provides a comprehensive overview of the global supply and demand of voluntary carbon credits in 2023.\u00a0The report highlights that despite an overall market contraction, there is an increasingly complex landscape within the voluntary carbon market (VCM).\u00a0A few key findings are below.<\/p>\n[<a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"https:\/\/www.ecosystemmarketplace.com\/publications\/2024-state-of-the-voluntary-carbon-markets-sovcm\/\" target=\"_blank\" rel=\"noopener\">Download your copy of State of the Voluntary Carbon Market 2024 here.<\/a>]<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnCaptionBlock\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnCaptionBlockOuter\">\n<tr>\n<td class=\"mcnCaptionBlockInner\" style=\"padding: 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnCaptionTopContent mcnBlockFloatLeft\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"padding: 0 9px 0 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; color: #202020; font-family: 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 13px; line-height: 150%; text-align: left;\" valign=\"top\" width=\"564\"><span style=\"color: #006666;\"><strong>In 2023, the volume and value of the VCM contracted\u00a0for the second year in a row.<\/strong><strong>\u00a0<\/strong><\/span>The\u00a0overall market transaction volume declined 56 percent from 2022-2023, and the total reported transaction value of the VCM was $723M USD. Disclosures from market participants indicate that negative media coverage and a pause in purchasing as buyers awaited guidance from integrity initiatives were key reasons for a pullback in buyer investment.<\/td>\n<\/tr>\n<tr>\n<td class=\"mcnCaptionTopImageContent\" style=\"padding: 9px 9px 0 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" align=\"center\" valign=\"top\"><img decoding=\"async\" class=\"mcnImage\" style=\"max-width: 853px; border: 0; height: auto; outline: none; text-decoration: none; -ms-interpolation-mode: bicubic; vertical-align: bottom;\" src=\"https:\/\/mcusercontent.com\/cff95aefc075dc49e7553805f\/images\/505da1a9-35c1-e745-ef6c-3168ab9a3c99.png\" alt=\"\" width=\"564\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnTextBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" style=\"padding-top: 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" style=\"max-width: 100%; min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; color: #202020; font-family: 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 13px; line-height: 150%; text-align: left; padding: 0 18px 9px 18px;\" valign=\"top\"><span style=\"font-size: 13px;\"><span style=\"color: #006666;\"><strong>Different categories had distinct trajectories in terms of traded volumes and average price.<\/strong><\/span>\u00a0The biggest gross declines in volume occurred among Forestry and Land Use and Renewable Energy credits, which remain the most popular project types. The volume of transactions in the Energy Efficiency, Agriculture, and Household\/Community Devices carbon project categories all increased\u00a0in 2023.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnCaptionBlock\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnCaptionBlockOuter\">\n<tr>\n<td class=\"mcnCaptionBlockInner\" style=\"padding: 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnCaptionTopContent mcnBlockFloatLeft\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"padding: 0 9px 0 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; color: #202020; font-family: 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 13px; line-height: 150%; text-align: left;\" valign=\"top\" width=\"564\"><span style=\"font-size: 13px;\"><span style=\"color: #006666;\"><strong>Within the Forestry and Land Use category,\u00a0REDD+ credits, the most popular project type, lost 62 percent of their value\u00a0year-over-year. <\/strong><\/span>Prices for Afforestation-Reforestation and Revegetation and Improved Forest Management credits both increased.\u00a02023 saw a rash of negative media coverage of REDD+ which likely contributed to the decline. The pullback largely affected project developers in Asia, Latin America, and the Caribbean, where the majority of these projects are located.<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"mcnCaptionTopImageContent\" style=\"padding: 9px 9px 0 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" align=\"center\" valign=\"top\"><img decoding=\"async\" class=\"mcnImage\" style=\"max-width: 1374px; border: 0; height: auto; outline: none; text-decoration: none; -ms-interpolation-mode: bicubic; vertical-align: bottom;\" src=\"https:\/\/mcusercontent.com\/cff95aefc075dc49e7553805f\/images\/910d525f-fc40-7290-d60f-1cfddf613316.png\" alt=\"\" width=\"564\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnTextBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" style=\"padding-top: 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" style=\"max-width: 100%; min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; color: #202020; font-family: 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 13px; line-height: 150%; text-align: left; padding: 0 18px 9px 18px;\" valign=\"top\"><span style=\"color: #006666;\"><strong>The market share for projects delivering co-benefits for nature and communities continues to grow.<\/strong>\u00a0<\/span>Twenty-eight percent of transactions in 2023 supported projects with verified \u201cbeyond carbon\u201d environmental and social co-benefits, such as preserving and restoring biodiversity, contributing to water security, or supporting sustainable local economies.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnDividerBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; table-layout: fixed !important;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnDividerBlockOuter\">\n<tr>\n<td class=\"mcnDividerBlockInner\" style=\"min-width: 100%; padding: 18px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\">\n<table class=\"mcnDividerContent\" style=\"min-width: 100%; border-top: 2px solid #EAEAEA; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnBoxedTextBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnBoxedTextBlockOuter\">\n<tr>\n<td class=\"mcnBoxedTextBlockInner\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnBoxedTextContentContainer\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; padding: 9px 18px 9px 18px;\">\n<table class=\"mcnTextContentContainer\" style=\"min-width: 100% !important; background-color: #00303d; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"padding: 18px; color: #f2f2f2; font-family: 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 24px; font-weight: normal; text-align: center; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; line-height: 150%;\" valign=\"top\"><span style=\"font-size: 18px;\"><strong>EXPERT COMMENTARY ON CARBON MARKETS<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnTextBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" style=\"padding-top: 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" style=\"max-width: 100%; min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"padding: 0px 18px 9px; font-family: 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 13px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; color: #202020; line-height: 150%; text-align: left;\" valign=\"top\">\n<h2 class=\"null\" style=\"display: block; margin: 0; padding: 0; color: #00303d; font-family: 'Lato', 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 18px; font-style: normal; font-weight: bold; line-height: 125%; letter-spacing: normal; text-align: left;\"><span style=\"font-family: helvetica neue,helvetica,arial,verdana,sans-serif;\"><span style=\"font-size: 18px;\"><strong><span style=\"color: #00303d;\">HOW CARBON MARKETS CAN SERVE AS A CATALYST TO A LOW-CARBON, GREEN ECONOMY<\/span><\/strong>\u00a0<\/span><a id=\"how carbon markets can serve as a catalyst\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" name=\"how carbon markets can serve as a catalyst\"><\/a><\/span><\/h2>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnImageCardBlock\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnImageCardBlockOuter\">\n<tr>\n<td class=\"mcnImageCardBlockInner\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; padding: 9px 18px 9px 18px;\" valign=\"top\">\n<table class=\"mcnImageCardRightContentOuter\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"mcnImageCardRightContentInner\" style=\"padding: 0px; background-color: #ebebeb; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" align=\"center\" valign=\"top\">\n<table>\n<tbody>\n<tr>\n<td>\n<table class=\"mcnImageCardRightImageContentContainer\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" width=\"282\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnImageCardRightImageContent\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; padding: 18px 18px 18px 18px;\" align=\"left\" valign=\"top\"><img decoding=\"async\" class=\"mcnImage\" style=\"max-width: 300px; border-radius: 0%; border: 0; height: auto; outline: none; text-decoration: none; -ms-interpolation-mode: bicubic; vertical-align: bottom;\" src=\"https:\/\/mcusercontent.com\/cff95aefc075dc49e7553805f\/images\/244adbc6-34fd-1320-db53-e32cf4966b42.jpeg\" alt=\"\" width=\"264\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td>\n<table style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"264\" cellspacing=\"0\" cellpadding=\"0\" align=\"right\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"padding-right: 18px; padding-top: 18px; padding-bottom: 18px; color: #222222; font-family: Helvetica; font-size: 14px; font-weight: normal; text-align: center; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; line-height: 150%;\" valign=\"top\">\n<div style=\"text-align: left;\"><span style=\"font-size: 13px;\"><span style=\"font-family: helvetica neue,helvetica,arial,verdana,sans-serif;\">What is the ultimate objective of the market if concerns about integrity are addressed and we are no longer mired in discussions about whether a tonne is a tonne? If we can count on integrity, what then? David Antonioli\u00a0proposes that we view carbon as a means to an end rather than the end itself, which can then free our mind to think about a bigger purpose.\u00a0<\/span><\/span><span style=\"font-family: helvetica neue,helvetica,arial,verdana,sans-serif;\"><span style=\"font-size: 13px;\"><a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"https:\/\/www.ecosystemmarketplace.com\/articles\/commentaryhow-carbon-markets-can-serve-as-a-catalyst-to-a-low-carbon-green-economy\/\" target=\"_blank\" rel=\"noopener\">Read his commentary here.<\/a><\/span><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnTextBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" style=\"padding-top: 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" style=\"max-width: 100%; min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"padding: 0px 18px 9px; font-family: 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 13px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; color: #202020; line-height: 150%; text-align: left;\" valign=\"top\">\n<h2 class=\"null\" style=\"display: block; margin: 0; padding: 0; color: #00303d; font-family: 'Lato', 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 18px; font-style: normal; font-weight: bold; line-height: 125%; letter-spacing: normal; text-align: left;\"><span style=\"font-family: helvetica neue,helvetica,arial,verdana,sans-serif;\"><span style=\"font-size: 18px;\"><span style=\"color: #00303d;\"><strong>WITHOUT PROJECTS, JURISDICTIONAL REDD+ PROGRAMS RISK BECOMING \u2018PAPER PARKS\u2019<\/strong><\/span>\u00a0<\/span><a id=\"jurisdictional REDD+\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" name=\"jurisdictional REDD+\"><\/a><\/span><\/h2>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnImageCardBlock\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnImageCardBlockOuter\">\n<tr>\n<td class=\"mcnImageCardBlockInner\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; padding: 9px 18px 9px 18px;\" valign=\"top\">\n<table class=\"mcnImageCardLeftContentOuter\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"mcnImageCardLeftContentInner\" style=\"padding: 0px; background-color: #ebebeb; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" align=\"center\" valign=\"top\">\n<table>\n<tbody>\n<tr>\n<td>\n<table class=\"mcnImageCardLeftTextContentContainer\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; width: 100%;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"padding: 18px; color: #222222; font-family: Helvetica; font-size: 14px; font-weight: normal; text-align: left; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; line-height: 150%;\" valign=\"top\"><span style=\"font-size: 13px;\"><span style=\"font-family: helvetica neue,helvetica,arial,verdana,sans-serif;\">Much of the discussion within the sector so far has treated large-scale jurisdictional REDD+ programs and smaller community-centered REDD+ projects as separate and incompatible. Joshua McCarron makes the case that the success of jurisdictional REDD+ will be built upon an accumulation of successful REDD+ projects.\u00a0<a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"https:\/\/www.ecosystemmarketplace.com\/articles\/opinionwithout-projects-jurisdictional-redd-programs-risk-becoming-paper-parks\/\" target=\"_blank\" rel=\"noopener\">Read his opinion piece here.<\/a><\/span><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td>\n<table class=\"mcnImageCardLeftImageContentContainer\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; padding: 18px 18px 18px 18px;\" align=\"right\" valign=\"top\"><img decoding=\"async\" class=\"mcnImage\" style=\"max-width: 1200px; border-radius: 0%; border: 0; height: auto; outline: none; text-decoration: none; -ms-interpolation-mode: bicubic; vertical-align: bottom;\" src=\"https:\/\/mcusercontent.com\/cff95aefc075dc49e7553805f\/images\/ca76496c-1eca-d943-b24b-f7d7f4f3fe04.jpg\" alt=\"\" width=\"264\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnTextBlock\" style=\"min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" style=\"padding-top: 9px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" style=\"max-width: 100%; min-width: 100%; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; float: left;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"padding: 0px 18px 9px; font-family: 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 13px; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; color: #202020; line-height: 150%; text-align: left;\" valign=\"top\">\n<h2 class=\"null\" style=\"display: block; margin: 0; padding: 0; color: #00303d; font-family: 'Lato', 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 18px; font-style: normal; font-weight: bold; line-height: 125%; letter-spacing: normal; text-align: left;\"><span style=\"font-family: helvetica neue,helvetica,arial,verdana,sans-serif;\"><span style=\"font-size: 18px;\"><span style=\"color: #00303d;\"><strong>GROWING PAINS OF A BURGEONING MARKET<\/strong><\/span>\u00a0<\/span><a id=\"Growing pains\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" name=\"Growing pains\"><\/a><\/span><\/h2>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnImageCardBlock\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnImageCardBlockOuter\">\n<tr>\n<td class=\"mcnImageCardBlockInner\" style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; padding: 9px 18px 9px 18px;\" valign=\"top\">\n<table class=\"mcnImageCardRightContentOuter\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"mcnImageCardRightContentInner\" style=\"padding: 0px; background-color: #ebebeb; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;\" align=\"center\" valign=\"top\">\n<table>\n<tbody>\n<tr>\n<td>\n<table class=\"mcnImageCardRightImageContentContainer\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; width: 100%;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; padding: 18px;\" align=\"left\" valign=\"top\"><img decoding=\"async\" class=\"mcnImage\" style=\"max-width: 1200px; border: 0; height: auto; outline: none; text-decoration: none; -ms-interpolation-mode: bicubic; vertical-align: bottom;\" src=\"https:\/\/mcusercontent.com\/cff95aefc075dc49e7553805f\/images\/14a97840-895f-8d8b-634e-4e1ebe3defbc.jpg\" alt=\"\" width=\"264\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td>\n<table class=\"mcnImageCardRightTextContentContainer\" style=\"border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; width: 100%;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"right\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" style=\"padding: 18px; color: #222222; font-family: Helvetica; font-size: 14px; font-weight: normal; text-align: center; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; word-break: break-word; line-height: 150%;\" valign=\"top\">\n<div style=\"text-align: left;\"><span style=\"font-size: 13px;\"><span style=\"font-family: helvetica neue,helvetica,arial,verdana,sans-serif;\">Ecosystem Marketplace&#8217;s latest\u00a0<em>State of the Voluntary Carbon Market 2024<\/em>\u00a0report\u00a0details an increasingly complex landscape in the market, with some market segments showing growth as others fell. In this commentary, Calvin Tran\u00a0breaks down the news and what it means for the future of the market. <a style=\"mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #006666; font-weight: normal; text-decoration: underline;\" href=\"https:\/\/www.ecosystemmarketplace.com\/articles\/growing-pains\/\" target=\"_blank\" rel=\"noopener\">Read his commentary here.<\/a><\/span><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td id=\"templateColumns\" style=\"background: #ffffff none no-repeat center\/cover; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; background-color: #ffffff; background-image: none; background-repeat: no-repeat; background-position: center; background-size: cover; border-top: 0; border-bottom: 0; padding-top: 0; padding-bottom: 0;\" align=\"center\" valign=\"top\"><\/td>\n<\/tr>\n<tr>\n<td id=\"templateLowerBody\" style=\"background: #ffffff none no-repeat center\/cover; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; background-color: #ffffff; background-image: none; background-repeat: no-repeat; background-position: center; background-size: cover; border-top: 0; border-bottom: 2px solid #EAEAEA; padding-top: 0; padding-bottom: 9px;\" align=\"center\" valign=\"top\"><\/td>\n<\/tr>\n<tr>\n<td id=\"templateFooter\" style=\"background: #fafafa none no-repeat center\/cover; mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; background-color: #fafafa; background-image: none; background-repeat: no-repeat; background-position: center; background-size: cover; border-top: 0; border-bottom: 0; padding-top: 9px; padding-bottom: 9px;\" align=\"center\" valign=\"top\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>","protected":false},"excerpt":{"rendered":"<p>In this edition: New data on the voluntary carbon market shows a market in transition. Missed our last Dispatch?\u00a0A\u00a0Hopeful Story About Water In this edition Introduction: A market in transition State of the Voluntary Carbon Market 2024 How Carbon Markets Can Serve as a Catalyst to a Low-carbon, Green Economy Without Projects, Jurisdictional REDD+ Programs [&hellip;]<\/p>\n","protected":false},"author":93,"featured_media":4564725,"template":"","coauthors":[1791],"class_list":["post-4563949","rd_series","type-rd_series","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Resilience Dispatch #36: A Market in Transition - Forest Trends<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resilience Dispatch #36: A Market in Transition - Forest Trends\" \/>\n<meta property=\"og:description\" content=\"In this edition: New data on the voluntary carbon market shows a market in transition. Missed our last Dispatch?\u00a0A\u00a0Hopeful Story About Water In this edition Introduction: A market in transition State of the Voluntary Carbon Market 2024 How Carbon Markets Can Serve as a Catalyst to a Low-carbon, Green Economy Without Projects, Jurisdictional REDD+ Programs [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-03T21:50:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.forest-trends.org\/wp-content\/uploads\/2024\/06\/53ea4008-2d91-490e-92a3-da801d5c83c8-1024x512.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data2\" content=\"Cheyenne Coxon\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/\",\"url\":\"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/\",\"name\":\"Resilience Dispatch #36: A Market in Transition - Forest Trends\",\"isPartOf\":{\"@id\":\"https:\/\/www.forest-trends.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.forest-trends.org\/wp-content\/uploads\/2024\/06\/53ea4008-2d91-490e-92a3-da801d5c83c8.png\",\"datePublished\":\"2024-06-01T21:44:13+00:00\",\"dateModified\":\"2024-07-03T21:50:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/#primaryimage\",\"url\":\"https:\/\/www.forest-trends.org\/wp-content\/uploads\/2024\/06\/53ea4008-2d91-490e-92a3-da801d5c83c8.png\",\"contentUrl\":\"https:\/\/www.forest-trends.org\/wp-content\/uploads\/2024\/06\/53ea4008-2d91-490e-92a3-da801d5c83c8.png\",\"width\":1875,\"height\":937},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.forest-trends.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RD Series Entries\",\"item\":\"https:\/\/www.forest-trends.org\/rd_series\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Resilience Dispatch #36: A Market in Transition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.forest-trends.org\/#website\",\"url\":\"https:\/\/www.forest-trends.org\/\",\"name\":\"Forest Trends\",\"description\":\"Pioneering Finance for Conservation\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.forest-trends.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Resilience Dispatch #36: A Market in Transition - Forest Trends","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/","og_locale":"en_US","og_type":"article","og_title":"Resilience Dispatch #36: A Market in Transition - Forest Trends","og_description":"In this edition: New data on the voluntary carbon market shows a market in transition. Missed our last Dispatch?\u00a0A\u00a0Hopeful Story About Water In this edition Introduction: A market in transition State of the Voluntary Carbon Market 2024 How Carbon Markets Can Serve as a Catalyst to a Low-carbon, Green Economy Without Projects, Jurisdictional REDD+ Programs [&hellip;]","og_url":"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/","article_modified_time":"2024-07-03T21:50:10+00:00","og_image":[{"width":1024,"height":512,"url":"https:\/\/www.forest-trends.org\/wp-content\/uploads\/2024\/06\/53ea4008-2d91-490e-92a3-da801d5c83c8-1024x512.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"6 minutes","Written by":"Cheyenne Coxon"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/","url":"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/","name":"Resilience Dispatch #36: A Market in Transition - Forest Trends","isPartOf":{"@id":"https:\/\/www.forest-trends.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/#primaryimage"},"image":{"@id":"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/#primaryimage"},"thumbnailUrl":"https:\/\/www.forest-trends.org\/wp-content\/uploads\/2024\/06\/53ea4008-2d91-490e-92a3-da801d5c83c8.png","datePublished":"2024-06-01T21:44:13+00:00","dateModified":"2024-07-03T21:50:10+00:00","breadcrumb":{"@id":"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/#primaryimage","url":"https:\/\/www.forest-trends.org\/wp-content\/uploads\/2024\/06\/53ea4008-2d91-490e-92a3-da801d5c83c8.png","contentUrl":"https:\/\/www.forest-trends.org\/wp-content\/uploads\/2024\/06\/53ea4008-2d91-490e-92a3-da801d5c83c8.png","width":1875,"height":937},{"@type":"BreadcrumbList","@id":"https:\/\/www.forest-trends.org\/rd_series\/resilience-dispatch-36-a-market-in-transition\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.forest-trends.org\/"},{"@type":"ListItem","position":2,"name":"RD Series Entries","item":"https:\/\/www.forest-trends.org\/rd_series\/"},{"@type":"ListItem","position":3,"name":"Resilience Dispatch #36: A Market in Transition"}]},{"@type":"WebSite","@id":"https:\/\/www.forest-trends.org\/#website","url":"https:\/\/www.forest-trends.org\/","name":"Forest Trends","description":"Pioneering Finance for Conservation","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.forest-trends.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.forest-trends.org\/wp-json\/wp\/v2\/rd_series\/4563949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.forest-trends.org\/wp-json\/wp\/v2\/rd_series"}],"about":[{"href":"https:\/\/www.forest-trends.org\/wp-json\/wp\/v2\/types\/rd_series"}],"author":[{"embeddable":true,"href":"https:\/\/www.forest-trends.org\/wp-json\/wp\/v2\/users\/93"}],"version-history":[{"count":12,"href":"https:\/\/www.forest-trends.org\/wp-json\/wp\/v2\/rd_series\/4563949\/revisions"}],"predecessor-version":[{"id":4564723,"href":"https:\/\/www.forest-trends.org\/wp-json\/wp\/v2\/rd_series\/4563949\/revisions\/4564723"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forest-trends.org\/wp-json\/wp\/v2\/media\/4564725"}],"wp:attachment":[{"href":"https:\/\/www.forest-trends.org\/wp-json\/wp\/v2\/media?parent=4563949"}],"wp:term":[{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.forest-trends.org\/wp-json\/wp\/v2\/coauthors?post=4563949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}