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.