Due to the global recession in 2008-09 and the economic slowdown thereafter, the global voluntary carbon market was reduced to almost half in 2009. Things began to improve slightly in 2010 and though voluntary markets started recovering in dollar terms – due to higher carbon prices – growth in traded volume remain stagnated. Also, markets saw a trend towards a shift from over the counter trading to exchange trading. The growth in voluntary markets was led by the private sector and showed the potential to surpass the compliance market in coming years. As more and more companies are using voluntary trading for their corporate social responsibility and are expecting to be included in a future compliance regime, the potential of the global voluntary carbon market remains high.
Sceptre International Group Limited is a specialist investment firm focused on the promotion of green oil, bioenergy, associated green technologies and carbon credits.
At Sceptre International Group Limited, we have partnered with key companies within the carbon market to offer our clients the best quality credits available in both the voluntary and compliant markets. Sceptre International Group Limited is a member of the Carbon Trade Exchange in London which has developed the world’s largest electronic spot trading platform for voluntary markets. The demand for these voluntary offsets, fuelled by corporate commitments to become “carbon neutral,” is growing rapidly.
Contact us to find out more, or download our Carbon Offsetting brochure here