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Market Intelligence

Carbon Markets
Data Snapshot

Recent voluntary and compliance market figures based on publicly available 2025–2026 data.

~$1.0–1.4B

VCM Market Value 2025

~$5.7–6.1

Avg. Credit Price (USD)

~$20+

Investment-Grade (BBB+)

€70–85+

EUA / EU ETS Range

Voluntary Market Trends

Quality over quantity — buyers shifting to higher-integrity credits

2025 project-based trading value$800M–$1.4B
Credit issuances (approx.)~260–300 Mt
Retirements trendSlightly lower YoY
Forward offtakes (2025)~$12B+
High-quality share of spendRising strongly

Key Drivers Ahead

Structural demand catalysts through 2030

01

CORSIA Phase 1

Aviation offsetting obligations ramping from 2027

02

Article 6 & PACM

Paris Agreement crediting mechanism becoming operational

03

Corporate Net-Zero

Continued demand for high-integrity removals & reductions

04

Quality Premium

ICVCM CCP and ratings driving price differentiation

Illustrative Price Differentiation by Credit Type

Recent market levels (indicative ranges)

Indicative ranges based on public assessments (Sylvera, Emsurge, Climate Focus, MSCI and market reports). Actual transaction prices vary by vintage, location, co-benefits and offtake terms. Data current as of 2025–early 2026 reporting.