The state of quality and pricing in the VCM 2025

Quality and confidence are necessary to turn the VCM into a thriving driver of large-scale, impactful climate action. So how is the market progressing in its effort to course correct?

This second annual report on the State of the VCM from Calyx Global and ClearBlue Markets helps carbon market participants understand where progress is being made and how the market is pricing that progress. This report includes newly released quality and price indices from Calyx Global and ClearBlue Markets, which help track progress and pricing more frequently.

What readers get:

• Learn how the market is faring on its journey to higher-quality
• Pricing trends for various carbon project types
• Understand where pricing and quality may be experiencing a correlation
• Quality and price distribution for CCP label and CORSIA-labeled carbon credits
• Insight into SDG impact and GHG integrity correlations