Drop in REDD+ projects’ confidence lowers the demand for nature-based solutions

Forestry and Land Use credit projects are the most issued and retired type of carbon credits across trading platforms, but they have shown a decrease, in the last year, in both retirement volumes and prices (over-the-counter and spot). The reason for this drop is the lack of credibility in some projects, which caused demand to turn again to lower quality (but also lower prices) credits, such as renewable energy projects.