Data and Insights

VCS Quarterly Update

Issue #9 - Q4/2021

Main Takeaways

Record VCU issuances in 2021

Almost 300 million VCUs were issued in 2021, the highest number of annual issuances ever and more than twice as many as in 2020.

VCU retirements rise sharply

More than 47 million VCUs were retired in Q4/2021 – 37% of all VCUs retired in 2021.

Projects
1,775
registered projects
+30
since previous quarter
Projects by Region to Date
VCU ISSUANCES
835,327,491 VCUs*

+65,361,706
since previous quarter

equivalent to 180 million cars taken off the road for a year**

*One VCU represents one tonne of carbon dioxide equivalent that was removed from the atmosphere or not emitted.

**Greenhouse gas equivalencies for emission reductions and removals were calculated using the EPA Greenhouse Gas Equivalencies Calculator

Quarterly VCU Issuances
Quarterly AFOLU* and Non-AFOLU Issuances
AFOLU Issuances
Non-AFOLU Issuances
*AFOLU – Agriculture, Forestry and Other Land Use
VCU Retirements
VCUs that have been purchased and taken off the market forever; a retired VCU represents a carbon offset
439,821,278 VCUs*

+47,065,129
since previous quarter

equivalent to 95 billion cars taken off the road for a year**

*One VCU represents one tonne of carbon dioxide equivalent that was removed from the atmosphere or not emitted.

**Greenhouse gas equivalencies for emission reductions and removals were calculated using the EPA Greenhouse Gas Equivalencies Calculator

Quarterly VCU Retirements
Quarterly AFOLU and Non-AFOLU Retirements
AFOLU Retirements
Non-AFOLU Retirements
*AFOLU – Agriculture, Forestry and Other Land Use