State of Carbon Credits 2025

Fundamental shifts are reshaping how carbon credits are priced, traded, and valued. Quality now commands clear premiums. Forward markets are expanding. Compliance and voluntary demand are converging. The market is transitioning from a focus on volume to a focus on integrity and long-term value.

This report delivers our most comprehensive ever data analysis across pricing, supply, demand, and policy drivers.

Whether you're a corporate buyer navigating quality versus cost tradeoffs, a project developer positioning for future demand, or an investor valuing carbon portfolios, understanding these structural shifts is essential for strategic decision-making in 2026 and beyond.

Inside this report:

- How quality premiums are reshaping carbon credit economics

- Where forward markets signal future pricing dynamics

- Why and when compliance demand will overtake voluntary markets

- What these shifts mean for your carbon strategy