Carbon Prices for UK Voluntary Carbon Market Published with Aim to Drive Transparency for Second Year

2024 October 31 | Ecosystem Marketplace (EM) published voluntary carbon market (VCM) prices for the United Kingdom’s (UK) domestic carbon units from Woodland Carbon Code and Peatland Code projects today, covering transactions in 2020, 2021, 2022, and 2023. This is year two of EM’s collaboration with Scottish Forestry and IUCN to examine Woodland Code and Peatland Code credit transactions.

Overall, the average price of woodland units has increased from £11.01 in 2020 to £23.30 in 2023.

EM aggregates transaction data from UK project developers and retail aggregators through its Global Carbon Markets Hub, which securely tracks and analyzes VCM credit transactions. To protect the confidential information of our Respondents, EM cannot report 2023 prices for the Peatland Code. For the Woodland Code, EM received transactions data from project developers and retail aggregators representing over 864,000 carbon credits transacted from 2020-2023.

Ecosystem Marketplace’s UK Carbon Price Index

Woodland Carbon Code Unit Prices – Volume and Value

Note: Over 99% of units transacted were Pending Issuance Units. Average price is calculated as a volume-weighted average for all transactions reported with price. Spread Price is max minus min price.

Woodland Carbon Code Volume and Price History, 2020-2023

See also:

• Woodland Carbon Code
• IUCN Peatland Programme

EM is grateful to market participants who have reported their sales to date and encourage all Woodland Carbon Code and Peatland Code market actors to keep reporting transaction data through the Ecosystem Marketplace Global Carbon Markets Hub.

Interested market participants can:

• Contact EM directly to enroll: [email protected]
• Woodland Carbon Code: [email protected]
• Peatland Code: [email protected]

EM will continue to publish updates to these data as more transactions are shared with us.

This work was funded by Scottish Forestry.