Calyx Global and ClearBlue Markets’ annual State of the Voluntary Carbon Market report tracks trends in carbon credit quality and pricing and makes recommendations to improve the market.
In this year’s report, we found that the voluntary carbon market continues to steadily improve, but remains weighed down by a dark underbelly of junk credits. Crucially, we found that with a few small tweaks, market actors can dramatically improve the overall quality of the market. In other words, we’re still in the doldrums. But we don’t have to be.
Download the report to learn:
Why 2025 was a breakout year for price discovery
Why 2025 was not a breakout year for high credit integrity
The top 5 things to improve market integrity
Calyx Carbon Integrity Index™ – Uses the most extensive dataset of project-level greenhouse gas integrity ratings to track the quality of issuances and retirements in the VCM.
Calyx-ClearBlue Carbon Price-Integrity Index™ – Aggregates 200,000 pricing data points from ClearBlue Markets and 800 integrity ratings from Calyx Global to show how credit pricing aligns with quality.