Not sure why this was all the way down on page 14, but new report from Sylvera states for the 78 registered and issuing REDD+ projects, there are a total of 397,324,507 issued credits in the VCMs. If every REDD+ credit did legitimately equal one metric ton of carbon dioxide (tCO2) or other greenhouse gases (GHGs) being avoided, then the avoided emissions would be equivalent to: 50% of all the emissions from commercial flights in a single year.
(REDD+ is a type of avoidance credit that finances activities that focus on the sustainable management and conservation of at-risk mature forests. Sovereign carbon credits, or Jurisdictional Nested REDD+, are not included in the scope of this assessment.)
You can download full report here.
Voluntary Carbon Credit prices are down right now, but this shows the importance of them to big companies trying to reach their net zero targets.