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.

Scaling up carbon dioxide removals Recommendations for navigating opportunities and risks in the EU

This report, released in February 2025 by the European Scientific Advisory Board on Climate Change, explores scaling up carbon dioxide removals (CDR) in the EU. It outlines governance, policy, and funding needs for long-term CO₂ removal and storage. It is sceptical how big a role voluntary carbon markets will play in the scaling of CDR but acknowledges the markets have, so far, been the main source of funding for the removal sector. It also discusses EU climate neutrality targets, extended emitter responsibility and NDCs.

Using Carbon Markets to Protect Forests at Risk: A Case Study of Jurisdictional REDD+ in Guyana

In January 2025, Architecture for REDD+ Transactions (ART) shared a case study about Guyana. It explains how the country is successfully taking a jurisdictional approach to REDD+, using ART’s TREES carbon crediting pathway. It shares how ART issued 7.14 million credits to Guyana in 2024 and Guyana’s government were the first to report a corresponding adjustment to the UNFCCC for the associated emission reductions. 

The State of Carbon Credits 2024

Sylvera, the carbon data provider, reviewed the state of carbon credits in 2024. Published in January 2025, this report highlighted the differing perspectives of market participants during the previous year. Some players were excited by Article 6 progress and new methodological approvals from the ICVCM. Others remained unconfident both in credit quality and in the likelihood of future demand. However, it concludes that the carbon markets are going through a gradual but significant time of change.

Durability Assessment for Carbon Removal

BeZero considers the durability of carbon removal in this report published in May 2023. Following increasing corporate interest in this topic, this report aims to explain the importance of durability and its principles. It also shares advice for navigating scientific uncertainty in an emerging space.

Removal reconsidered: Carbon Dioxide Removal in the Voluntary Carbon Market going forward

Published by BeZero in June 2022, this report considers the dynamic between avoidance and removal credits in the voluntary carbon market. It says that while avoidance credits currently dominate the market, there needs to be a rise in removal credits to help the world achieve its global climate goals. NOTE: We do not advocate creating a division between avoidance and removal credits. Rather, we need to recognise the essential yet differing roles each credit type can play in the corporate decarbonisation journey.