Analysis of Current Developments in Global Carbon Markets

This executive summary from the NewClimate Institute outlines a research project analyzing the state of carbon market activities and the vulnerability of Clean Development Mechanism (CDM) projects in the pre-2020 period. The research focused on the risk of projects ceasing greenhouse gas (GHG) abatement without Certified Emission Reduction (CER) revenues and evaluated the total CER supply potential and the impact of eligibility restrictions on market demand.

• The total potential supply of Certified Emission Reductions (CERs) for the 2013-2020 period is estimated at 4.6 billion, which exceeds current demand and issuance levels. Only 171 million CERs, or 4% of this maximum potential, originate from project types identified as having typically high vulnerability.
• In a Base Case scenario, the market could be supplied with up to 3.8 billion new CERs at prices under €1 per unit. The analysis indicates that strict eligibility restrictions on CERs from existing CDM projects are necessary for new demand to effectively support GHG emission abatement that would not have otherwise occurred.

APA

NewClimate Institute (2020). Analysis of Current Developments in Global Carbon Markets. https://newclimate.org/resources/publications/analysis-of-current-developments-in-global-carbon-markets

Chicago

NewClimate Institute. Analysis of Current Developments in Global Carbon Markets. 2020. https://newclimate.org/resources/publications/analysis-of-current-developments-in-global-carbon-markets.

Wikipedia

{{cite report |author=NewClimate Institute |title=Analysis of Current Developments in Global Carbon Markets |date=2 December 2020 |url=https://newclimate.org/resources/publications/analysis-of-current-developments-in-global-carbon-markets |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{newclimateinstitute2020analysis, author = {{NewClimate Institute}}, title = {{Analysis of Current Developments in Global Carbon Markets}}, institution = {NewClimate Institute}, year = {2020}, month = dec, url = {https://newclimate.org/resources/publications/analysis-of-current-developments-in-global-carbon-markets}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }