2025 State of the Voluntary Carbon Market
Meeting the Moment: Renewing Trust in Carbon Finance
By Alex Procton View PublicationOver the 20-year history of Ecosystem Marketplace (EM), we have seen carbon markets grow from a nascent idea into a mechanism with the potential to seriously mitigate global warming. Our annual State of the Voluntary Carbon Market (SOVCM) provides a comprehensive overview of this global supply and demand of voluntary carbon credits. In this year’s report, we continue to follow refinements in quality and integrity as the voluntary carbon market (VCM) works to transition to a greater focus on nature-based solutions, carbon removals, and interoperability with international compliance carbon markets.
Our team interviews and collects annual disclosures from market participants, such as project developers and credit resellers, and we combine this with registry data from the largest carbon credit standards and certifications. While SOVCM reports are always retrospective, we also aim to take a forward-looking lens of what can come next, especially as the VCM continues to evolve to meet higher standards of quality and integrity.