Often, many describe the carbon market as a political construct – and it is the case that compliance markets like those in the EU, California, South Korea and the north-east US, exist due to political drivers. Net zero ambitions too are driving things, including record transaction levels in the voluntary carbon market. These political and voluntary drivers combine to act as the nerve centre for the market, sending the signals to mobilise the rest of the body.
In the report’s first section, highlights include a roundup by Refintiv of key trends in 2021 and the future outlook for key markets, a summary of our latest modelling work with the University of Maryland and Pacific Northwest National Laboratory on ambition and net zero, and an analysis by ICAP looks at how emissions trading is expanding to new sectors.
Read the full report here