State of Carbon Markets in Latin America and the Caribbean (LAC)
Abstract
Historically, entrepreneurs in Latin America
and the Caribbean (LAC) have played an
important role as providers of carbon credits
for Nature Based Solutions (SBN) projects.
In that same year, turnover in the global voluntary market totaled
US$748 million (a 134% growth compared to
2019), with Latin America accounting for
around 20% of the market share, leading the
offer of carbon credits in the global voluntary
market through SBN projects.
This CAF initiative of Market Observatory ILACC’s
Carbon Program is to act as a market
intelligence tool that supports the LAC private
sector in monitoring and making decisions
that allow it to mitigate the risks of loss of
competitiveness vis-à-vis other regions and
expand its capacity for innovation in solutions.
Parallel title
BULLETIN Nº 1
Subject
Country / Region
Date
2023-07Cite this publication
Belongs to collection
Author
CAF-Vice Presidency of the Private SectorState of Carbon Markets in Latin America and the Caribbean (LAC)
Items Relacionados
Global challenges, regional solutions: Latin America and the Caribbean in the face of the climate and biodiversity crisis
This edition of the Report on Economic Development (RED) examines the challenges and opportunities that climate action and the protection of ecosystems ...
High-integrity Voluntary Carbon Markets in the Global South: options for Policymakers in Latin America and the Caribbean
Limiting global warming to 1.5°C, in line with the Paris Agreement, requires that global annual greenhouse gas (GHG) emissions be cut by 50 percent of ...
Inherited inequalities: The role of skills, employment, and wealth in the opportunities of new generations
This edition of the Report on Economic Development (RED 2022) analyzes the problem of persistent inequality from a new perspective, which makes it ...