This guidance from VCMI helps companies navigate Scope 3 emissions in line with credible climate action. It outlines three key principles: reduce first, disclose transparently, and limit credit use to no more than 25% of Scope 3 emissions annually. The Code complements SBTi targets and integrity claims, ensuring that corporate offsetting strategies do not undermine decarbonization. It aims to create demand-side accountability, clarify buyer claims, and bolster trust in high-quality carbon markets as part of the net zero transition.
State and trends of carbon pricing 2025
The World Bank reports that carbon pricing instruments now cover 28% of global emissions and raised over $104B in 2024, an all-time high. The report explores emerging trends in carbon market linkages, Article 6 readiness, use of revenues, and climate equity. It also reviews new systems launched in India, Vietnam, and Brazil, alongside revisions in the EU and China. The voluntary market is examined for its integration potential and integrity risks. A section on international cooperation outlines how pricing can support the just transition and sustainable development across jurisdictions.
The social and economic impacts of carbon markets on communities in low and middle income countries
This FSD Africa report explores the role of carbon markets in driving climate finance across the continent. It highlights current flows, opportunities, and risks, calling for equitable market design, local benefit-sharing, and more enabling policy environments to ensure African countries secure greater value and agency in carbon markets.
Evolving markets, emerging solutions: Carbon Market Report 2025
The Carbon Market Institute’s annual report tracks Australia’s evolving carbon market, policy reforms, and investor sentiment. It unpacks shifts in credit pricing, demand, and project type, and explores how equity, integrity, and First Nations engagement are shaping a more sustainable market architecture.
Forecasting the voluntary carbon market (March 2025)
AlliedOffsets introduces a forecasting model for the VCM, simulating credit demand under various market conditions through 2030. Scenarios reflect divergent buyer behavior, regulatory signals, and investor sentiment. The baseline scenario projects steady growth in retirements, while an optimistic scenario sees near 1 GtCO₂e retired annually by 2030. It identifies market levers (e.g. Scope 3 frameworks, policy alignment, pricing clarity) that could influence uptake. The model helps guide strategy for developers, buyers, and intermediaries navigating future carbon market dynamics.
2025 CDR Market Survey: In Net Zero Standards We Trust
This 2025 report by CDR.fyi and Sylvera surveys both durable carbon dioxide removal suppliers and purchasers, revealing a significant price gap, reliance on net-zero standards to drive demand, and strong intent to scale durable CDR. However, growth remains limited by cost, quality uncertainty, and early-stage market constraints.
Evolving Markets, Emerging Solutions
This April 2025 report by the Carbon Market Institute and Westpac, examines how Australia’s carbon markets are maturing, exploring supply and demand trends, policy reforms, Indigenous leadership, technology innovation, and international opportunities for advancing decarbonisation.
Global Carbon Markets Could Protect 150 million Hectares of Land in the Next Decade
This June 2024 report by BeZero Carbon reveals that a well‑structured $100 billion global carbon market over the next decade could protect up to 150 million hectares of land (the size of Peru) and support around 17 million jobs, highlighting the immense nature and livelihood benefits of scaling high-integrity carbon markets.
Voluntary Carbon Markets: Potential Pitfalls and the Path Forward
This 2025 report by CCAG outlines the expectations and challenges facing the carbon dioxide removal (CDR) market, based on surveys of both suppliers and purchasers. It reveals a widening pricing gap, heavy reliance on net‑zero standards to drive demand, and a planned shift toward durable CDR, though scaling remains hindered by cost and quality uncertainties.
CORSIA: Market Developments and Forecast Scenarios
This AlliedOffsets report released in May 2025 forecasts rising demand for CORSIA-eligible carbon credits through 2035, warns of a major supply gap, and projects price hikes, urging greater credit issuance and stronger enforcement to avoid non-compliance risks for airlines.










