Global carbon pricing revenues hit 103 billion dollars in 2024, driven largely by compliance markets and the EU ETS. While government-mandated systems are seeing a surge in demand, the voluntary carbon market has contracted, with transaction values dropping 29 percent as corporate buyers shift toward higher-quality removal credits. Key trends include a widening price gap between emissions reductions and carbon removals, with the latter commanding a 381 percent premium. The data shows a clear decoupling between regulated carbon trading and discretionary corporate offsetting, highlighting a shift toward stricter regulatory frameworks and standardized methodologies.
