We've launched the second iteration of our Supply Report. Published quarterly, this report provides up-to-date data on our issuances and retirements for Q2 2016 to help build clarity around the complexities of the market.
The feature article in this edition, titled Why do prices vary by project explores the key factors that can cause carbon credits to vary in value across different project types.
To date, Gold Standard projects have saved nearly 59 million tonnes of CO2 from being released – the equivalent of driving around the world 5.7 million times in a car. We also saw an unexpected surge in issuances from cookstove projects this past quarter, with 90% of these credits coming from just three projects. And Eneco, Microsoft Corporation, Marks & Spencer, COOP, World Bank, Sustainable Brands Conference Istanbul 2016 and the new cool effects website all made retirements.
This edition includes an article on carbon pricing, entitled ‘What is a carbon credit worth?’ and outlines some of the different ways organisations can value the worth of a carbon credit. It also includes some insights from COOP, one of Switzerland’s largest retail and wholesale companies, and what they are doing to ensure their long-term corporate success.
From a data perspective, the report provides our issuance and retirements figures for both 2015 and for Q1 2016, broken down by product, project type and by geography. Key observations include the number of the cookstove and water filter credits retired in 2015 were higher than those issued. And in Q1 2016 we retired the same amount of credits as we issued, providing a strong indication of the ongoing demand for Gold Standard credits.