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According to our (Global Info Research) latest study, the global Voluntary Carbon Offsets for Forestry market size was valued at USD 186.1 million in 2023 and is forecast to a readjusted size of USD 1020.4 million by 2030 with a CAGR of 27.5% during review period.

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Forest carbon offsets are a cost effective way to reach carbon neutrality goals. A carbon offset – or carbon credit – is a reduction in greenhouse gas emissions to compensate for emissions made somewhere else. Credits are traceable, tradable and finite: When they are purchased, they are retired forever. This revenue funds projects and activities that protect or restore forests, often supporting local communities with alternative livelihood opportunities that keep trees standing, and it helps fund programs to do so in perpetuity.In areas lacking pre-compliance or compliance market, voluntary projects (and their buyers) are often motivated to choose certain locations for reasons beyond the emissions reduction potential. For example, many forest carbon projects aim to protect trees and biodiversity first and foremost; revenue gained from carbon offsets is simply the means to achieve forest protection. Similarly, clean cookstoves projects are often located in rural or urban areas where households rely on smoky indoor stoves to cook, and aim to have both health and carbon benefits. The location of these projects is thus chosen at a sub-national level, and is highly specific to certain communities or ecosystems.

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