Yesterday’s panel on the voluntary carbon markets hosted by JPMorgan highlighted findings from the recent report by Ecosystem Marketplace and New Carbon Finance entitled “Forging a Frontier: State of the Voluntary Carbon Markets 2008,” including the size, players, prices and transaction volumes of the voluntary markets.

Collecting data from 150 organizations, including project developers, wholesalers, brokers, and retailers, the report confirmed that 65 million tonnes of carbon dioxide equivalents (MtCO2e) were traded on the voluntary markets in 2007 (a value of over $330 million), representing a tripling in value over 2006 levels. Of that number, 42.1 MtCO2e ($258.4 million) were traded on the over-the-counter (OTC) voluntary market and 22.9 MtCO2e ($72.4) on the Chicago Climate Exchange (CCX), the two components comprising the voluntary carbon markets.

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