State of the Global Carbon Markets:
Q3 2025

Our latest State of Global Carbon Markets Quarterly Report offers a concise, yet comprehensive analysis of Q3 2025 to help you strategically position your carbon strategy locally and around the world.

Why Download the Report?

This essential, quarterly report offers a taste of ClearBlue’s high-calibre Market Intelligence service, equipping decision-makers with a knowledge foundation to:

• Identify Risks and Opportunities: Understand crucial market movements that could influence your compliance and offset strategies, such as the rebound in CCAs after the California Cap-and-Invest extension, soaring RGA prices, or the policy uncertainty created by the postponed EU 2040 climate target vote.
• Optimize Investments: Leverage proprietary pricing data and expert analysis to guide your procurement and trading decisions. Get detailed insights into VCM issuance and retirement trends (led by Gold Standard and Verra) and understand price volatility across North American Cap-and-Trade and global Clean Fuels markets.
• Navigate Regulatory Landscapes: Stay ahead of the curve with detailed updates on evolving policies and compliance mechanisms. Deep dive into the latest developments, including B.C.'s new CCS Protocol, Alberta's TIER Direct Investment Pathway, amended California LCFS CI targets, and the surge in South Korean KAU prices.
• Support Sustainability Goals: Align your strategy with emerging market trends and ensure impactful, cost-effective climate action. Understand key regional shifts, such as the strengthening price of CFR credits in Canada and the implications of moderating issuance and growing retirements in the VCM.

Please contact us if you have any questions about this update or if you would like to discuss subscribing to ClearBlue's Market Intelligence services via Vantage, our carbon intelligence platform.