Carbon Markets

Independent financial think tank analyzing stranded asset risk. Fossil power is now ~2x more expensive than new solar/wind at carbon prices around 65 EUR/tCO2e. With EUA prices at ~68 EUR/t (March 2026) and projected 400-630 EUR/t by 2050, Carbon Tracker's stranded asset analysis is the clearest framework for quantifying fossil fuel portfolio exposure.

3,848 projects across 110 countries. 84 million credits issued and 35 million retired in 2024 alone. High-integrity certification delivering verified environmental and social co-benefits. In a VCM where high-rated credits (A-AAA) command $14.80/t versus $3.50/t for low-rated, Gold Standard's rigorous verification is the price premium signal.

The dominant voluntary carbon registry: 3,886 projects listed, 2,059 registered, 1.223 billion VCUs issued (over 60% of the ~2 billion credits across all four major registries). Includes specialized blue carbon methodologies. The VCM contracted sharply in 2022-23 (volumes -56%, REDD+ value -62%), but removal credits now represent ~1/3 of market value, signaling a quality shift Verra is central to.

Tracks all operational emissions trading systems worldwide with factsheets and revenue data for 36+ jurisdictions. 75 carbon pricing instruments now cover 28% of global emissions generating $104B in annual revenues.

Publishes the definitive annual State of the Voluntary Carbon Markets reports. VCM contracted from $2B to $723M but quality premiums are emerging: ICVCM-approved credits trade at 4x the price of unrated credits.

Open tracker of carbon dioxide removal purchases and deliveries. 8 MtCO2 purchased in 2024 (78% YoY growth). Covers biochar, direct air capture, enhanced weathering, and ocean-based removal.

Advance market commitment aggregating $1B+ in permanent carbon removal purchases by 2030. Founded by Stripe, Alphabet, Shopify, Meta, and McKinsey. Focuses on durable removal pathways that need demand signals to scale.