2026 EAC Market Survey Report

We conducted this EAC market survey to take stock of where producers and buyers actually stand, and found a market at an early but critical stage. Supply is building, demand is forming, but the standards, transparency and verification infrastructure needed to connect the two credibly are still catching up.

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Key findings:

75% of producers responding to our survey expect to issue within three years, despite a backdrop of unresolved verification infrastructure and a fragmented pricing landscape.

Demand, however, is forming. Buyers reported 1.7 to 2.1 million EACs of annual appetite through 2030, mostly tied to SBTi compliance bolstered by the inclusion of book-and-claim mechanisms in the new V2 edition.

Buyer respondents ranked verified carbon intensity second only to emissions reduction achieved when outlining the factors that would determine price; a signal that integrity, not just performance, will drive willingness to pay.

For producers aiming for EAC issuance, there is a clear opportunity to take ownership of buyer-facing verification aligned with new SBTi guidance, and increase forward offtake visibility.