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Average price of voluntary carbon market (VCM) credits for reduction and removal projects worldwide in 2023 and 2024 (in U.S. dollars per metric ton of carbon dioxide equivalent)

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Source

Release date

May 2025

Region

Worldwide

Survey time period

2023 and 2024

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Average VCM credit prices from removal and reduction projects worldwide 2023-2024

Published by ÌÇÐÄÆƽâ°æ Research Department, Jun 11, 2025

In 2024, voluntary carbon market (VCM) credit prices from removal projects averaged almost ** U.S. dollars / tCOâ‚‚e. In comparison, reduction projects averaged just over **** U.S. dollars / tCOâ‚‚e

Reductions credits are through projects such as energy efficiency, the substitution of fossil fuels for renewable energy, or avoided degradation or destruction of natural carbon sinks such as forests. Removals, on the other hand, are generated through nature-based methodologies, including Afforestation-Reforestation and Revegetation (ARR), or engineered solutions, including direct air capture. Some projects include both carbon removals and reductions.

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Topics

Voluntary carbon markets worldwideGlobal climate changeCarbon capture and storageGreenhouse gas emissions worldwideCarbon dioxide removal
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