We've published the latest edition of our Market Report for H1 2017, providing data and analysis on our issuances and retirements Market Report for H1 2017 for the first half of this year.
Key takeaways include that demand for Gold Standard credits remains steady, with retirements higher in Q1 and Q2 of 2017 than any quarter last year - and higher than all but one quarter in 2015, when we began publishing the Market Report. With the launch of our next-generation standard, Gold Standard for the Global Goals, and the upcoming publication of Corporate Climate Leadership guidelines developed with WWF and CDP, which place investing in emission reductions as a core pillar of a corporate climate strategy, we look to accelerate this trajectory.
In 2017 alone, our projects issued credits for 14 million emission reductions – the equivalent of taking all the cars in London off the road for more than a year! Issuances and retirements have been steadily increasing year-on-year – in the last decade issuances have increased by 92% whilst we’ve retired 26 times more credits in 2017 compared to 2008. And the gap between retirements and issuances continues to close, which we hope signals healthier market dynamics for Gold Standard projects.
Finally, we anticipate that the introduction of the Gold Standard Renewable Energy Label will trigger a shift of large scale renewable energy projects to the renewable energy market, thus decreasing future supply of those credits in the market to further support a balance of supply and demand.
We'd like to note that we've moved from quarterly to bi-annual publication of this report. Because the report is used primarily by those already familiar with carbon markets, we've streamlined the content to focus on data and analysis. We will continue to feature editorial content and project profiles in other publications.
Those who are interested in quarterly reporting on issuances, retirements and more detailed projection data can contact us.
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For more information please contactcontact Claire Willers , Senior Manager, Market Relations