A report from the City of London Corporation and UK Carbon Markets Forum estimates the UK carbon credit economy currently contributes around £1.2bn to the economy.

It also estimates the investment into UK carbon projects at $3.5bn between 2023 and 2025.

The report, Seizing the UK’s Carbon Credit Opportunity: Measuring Value to Enable Action, assesses the UK’s carbon credit ecosystem and quantifies its economic contribution, providing evidence to support policy action, investment decisions and sustainable market growth.

The report believes that the City is well placed to benefit in a future where it sees the global market growing from $1.4bn to up to $267.9bn by 2050, a potential growth of190 times its current size.

---