Bulletin No. 4 - Observatory of the Latin American and Caribbean Carbon Market Initiative - ILACC

ILACC Observatory Bulletin No. 4 offers a comprehensive analysis of the carbon market in 2023. The document identifies key trends in voluntary markets, where there is growing demand for high-integrity credits, reflected in an 82% increase in average prices between 2021 and 2022. It also examines the progress of the regulated market, which already covers nearly a quarter of global emissions through 73 pricing instruments. At the regional level, it highlights Brazil's investment in the energy transition, which reached USD 34.8 billion in 2023, making it the sixth largest investor in this sector worldwide.