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Top Projects from Voluntary Carbon Market Registries in 2021 | by Livia Duprez | AlliedCrowds

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With the year 2021 having come to an end, we take a look back at the most successful projects from each of the registries we track data on. To measure ‘success’, we are looking at the number of credits retired in 2021, which allows us to rank the projects. Overall, 2021 was a year of growth for the voluntary carbon market, with a total of 161,125,775 credits retired — a 70% increase on 2020.

The registry which has contributed the most to this number is Verra, retiring about 80% of the year’s total:

Read on to discover which projects have retired the most credits in 2021!

Rimba Raya Biodiversity Reserve Project

Location: Indonesia

Type: Forestry and Land Use, VM0004

Estimated annual emission reductions: 3,527,171

Credits retired in 2021: 8,232,421

Estimated value of retired credits: $118m

Percentage increase vs 2020: 688% increase

Reduced Emissions from Deforestation and Degradation in Keo Seima Wildlife Sanctuary

Location: Cambodia

Type: Forestry and Land Use, VM0015

Estimated annual emissions reductions: 1,426,648

Credits retired in 2021: 7,225,023

Estimated value of retired credits: $128m

Percentage increase vs 2020: 2006% increase

Cordillera Azul National Park REDD Project

Location: Peru

Type: Forestry and Land Use, VM0007

Estimated annual emissions reductions: 1,575,268

Credits retired in 2021: 5,370,453

Estimated value of retired credits: $45m

Percentage increase vs 2020: 374% increase

Landfill Gas Extraction and Electricity Generation Project

Location: Istanbul, Turkey

Type: Other, ACM0001 Flaring or use of landfill gas

Estimated annual emissions reductions: 818,841

Credits retired in 2021: 2,237,893

Estimated value of retired credits: $26m

Percentage increase vs 2020: 455% increase

Improved Cookstoves for Social Impact in Uganda Communities

Location: Uganda

Type: Household Devices, GS Methodology for improved cook stoves and Kitchen Regimes v2.

Estimated annual emissions reductions: 74,083

Credits retired in 2021: 840,181

Estimated value of retired credits: $4.3m

Percentage increase vs 2020: 126% increase

Biogas Program for the Animal Husbandry Sector of Vietnam

Location: Vietnam

Type: Renewable Energy

Estimated annual emissions reductions: 589,125

Credits retired in 2021: 736,775

Estimated value of retired credits: $4.3m

Percentage increase vs 2020: 208% increase

UPM Blandin Native American Hardwoods Conservation & Carbon Sequestration Project

Location: United States

Type: Forestry and Land Use

Estimated annual emissions reductions: 1,710,013

Credits retired in 2021: 369,528

Estimated value of retired credits: $2.4m

Percentage increase vs 2020: 162% increase

Green Trees ACRE (Advanced Carbon Restored Ecosystem)

Location: United States

Type: Forestry and Land Use

Methodology: Null

Estimated annual emissions reductions: 6,270,750

Credits retired in 2021: 346,341

Estimated value of retired credits: $2.2m

Percentage decrease vs 2020: 70% decrease

Winston Creek Forest Carbon Project

Location: United States

Type: Forestry and Land Use

Estimated annual emissions reductions: 866,900

Credits retired in 2021: 239,795

Estimated value of retired credits: $1.5m

Percentage increase vs 2020: 271% increase

El Dorado Nitrogen, LP — Nitrous Oxide Abatement Project

Location: United States

Type: Chemical Processes/ Industrial Manufacturing

Estimated annual emissions reductions: 7,789,548

Credits retired in 2021: 891,725

Estimated value of retired credits: $4.9m

Percentage increase vs 2020: 220% increase

Coffeyville NAP2

Location: United States

Type: Chemical Processes/ Industrial Manufacturing

Estimated annual emissions reductions: 746,970

Credits retired in 2021: 351,953

Estimated value of retired credits: $1.9m

Percentage increase vs 2020: 219% increase

Terra Verdigris

Location: United States

Type: Chemical Processes/ Industrial Manufacturing

Estimated annual emissions reductions: 3,090,965

Credits retired in 2021: 234,611

Estimated value of retired credits: $1.3m

Percentage decrease vs 2020: 57% decrease

Garrett Land & Cattle

Location: United States

Type: Agriculture, US Croplands 1.1

Credits retired in 2021: 13,197

Estimated value of retired credits: $200k

Percentage increase vs 2020: 220% increase

Adam Ullrich

Location: United States

Type: Agriculture, US Croplands 1.1

Credits retired in 2021: 8,560

Estimated value of retired credits: $128k

R & J Wahlgren Farms

Location: United States

Type: Agriculture

Credits retired in 2021: 4,130

Estimated value of retired credits: $62k

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