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Carbon Markets

We assess the outlook for key compliance markets around the world and the voluntary offset market, including the rapidly expanding field of carbon removals.

Carbon pricing includes the use of carbon taxes, emissions trading systems and crediting mechanisms to reduce emissions. Various schemes have been in operation since the early 2000s but as the impacts of climate change start to bite, both the impact and coverage of carbon pricing throughout the world is rising quickly. For instance, the EU ETS price has risen dramatically over the past few years, and currently over 40 countries and more than 20 cities, states and provinces use carbon pricing mechanisms, with more planning to implement them in the future.

Compliance markets

AFRY covers the evolution of several mature and emerging compliance markets around the world, providing insights and price projections for:

  • EU ETS
  • China
  • key markets in North America (WCI, RGGI)
  • the outlook for emerging markets such as Australia.

These outlooks can be delivered on their own or combined with our insights from our power market modelling to provide a consistent outlook as to how the power and industrial sectors will change in the energy transition.

Carbon pricing expertise built on our unparalleled power sector modelling
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Register your interest

Register your interest in our carbon price projections and related services using the link below.

Voluntary offset market and carbon removals

In addition to the government-led schemes, many corporations have committed to net-zero, and are looking to the voluntary offset market to help support their decarbonisation journey. AFRY is at the forefront of the development of this market, having contributed to the development of the Integrity Council for the Voluntary Carbon Market (ICVCM) and advised key players across the value chain, with a focus on removals.

AFRY has expertise along the value chain

We can provide unparalleled insights to the development of these markets, and the technologies therein, including price projections for the voluntary permanent carbon removal credits.

Elpis, our voluntary permanent removals market model

Coupled with our outlook on the cost of hydrogen and synthetic fuels essential for the transition to net-zero, we can provide a one-stop-shop regarding the cost of the energy transition.

We can also help with procurement for removal offsets and renewable energy, having advised leading global brands on securing wind and solar PPAs throughout the world. Through Smart Forestry, we can also support the verification of carbon stocks in forestry, and in other rapidly growing technologies like BECCS and DACCS.


View the flyer for more information on our Independent EU ETS Market Report.

Mostyn Brown - Manager, AFRY Management Consulting
Mostyn Brown
Manager, AFRY Management Consulting

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Contact Mostyn Brown

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