Carbon Markets
Carbon markets are evolving faster than ever.
New regulation, expanding compliance schemes, and rapidly changing voluntary markets mean investment decisions increasingly depend on trusted market intelligence.
AFRY provides independent market intelligence and expert advice to help organizations understand carbon markets, assess risk, and make informed strategic decisions.
Carbon Management Reports
Our growing portfolio of Carbon Management Reports provides independent market intelligence covering compliance and voluntary carbon markets.
Combining market analysis, long-term forecasting and expert insight, our reports help organizations anticipate regulatory change, understand market developments, and make confident strategic decisions.
EU ETS Market Outlook (ETS1)
Europe's flagship carbon market continues to evolve through tightening emissions caps, policy reforms and increasing decarbonization ambitions.
The AFRY EU ETS Market Outlook provides independent analysis of the EU Emissions Trading System, combining long-term carbon price projections, policy analysis and market insights to help organizations understand future market developments and make informed investment decisions.
EU ETS2 Market Outlook
Europe's new emissions trading scheme will introduce carbon pricing for buildings, road transport and small industry from 2028.
Our report explores the policy, market and technology developments shaping this new compliance market, helping organizations prepare for the years ahead.
Carbon Dioxide Removal (CDR) Report
Carbon removals are becoming an increasingly important component of achieving climate targets. This report explores how the market for permanent CDR credits is evolving, what is driving demand, and the implications for businesses, investors and policymakers.
Carbon Advisory & Expertise
Beyond our published Carbon Management Reports, our specialists work directly with organizations to navigate carbon markets, evaluate opportunities, and support strategic decision-making.
Compliance Carbon Markets
Support for organizations operating in regulated carbon markets around the world.
We provide market analysis, price projections, and strategic advice across mature and emerging compliance markets, helping organizations understand regulatory developments, assess market risks and prepare for future carbon pricing.
Our expertise includes
- EU ETS
- EU ETS2
- UK ETS
- China ETS
- North American markets (WCI & RGGI)
- Emerging compliance markets
- Integration of removals into compliance markets
Typical support
- Carbon price outlooks
- Market analysis
- Scenario modelling
- Regulatory interpretation
- Commercial due diligence
Voluntary Carbon Markets & Carbon Removals
Helping organizations navigate the rapidly evolving voluntary carbon market.
We advise organizations across the carbon removals value chain, from market development and technology assessment to procurement and investment decisions.
Our expertise includes
- Permanent carbon removal credits
- BECCS
- DACCS
- Enhanced rock weathering
- Biochar
- Nature-based removals
Typical support
- Market outlooks
- Price projections
- Procurement support
- Strategy
- Investment advice
Carbon markets don't exist in isolation
Carbon pricing, electricity markets, hydrogen, renewable energy and synthetic fuels are becoming increasingly interconnected.
AFRY combines carbon market expertise with wider energy system modelling to provide consistent long-term outlooks across the energy transition.
Our expertise includes:
- Power markets
- Hydrogen
- Synthetic fuels
- Renewable energy
- PPAs
- Energy transition scenarios
This integrated approach helps organizations understand not only carbon prices, but the wider economic drivers shaping investment decisions.
Global expertise, local insight
Carbon markets are developing rapidly across the world.
AFRY combines regional expertise with a global perspective, helping organizations understand both local market developments and wider international trends.
Frequently Asked Questions
- What is the difference between EU ETS and EU ETS2?
- What are carbon dioxide removals (CDR)?
- What is the difference between compliance and voluntary carbon markets?
- Can AFRY provide bespoke carbon market analysis?
- Which Carbon Management Report is right for me?
- How can I purchase an AFRY Carbon Management Report?
EU ETS (often referred to as ETS1) is the European Union's emissions trading system for energy-intensive industries, power generation, aviation and maritime transport. It has been operating since 2005.
EU ETS2 is a separate emissions trading system covering buildings, road transport and small industry, with carbon pricing beginning in 2028. While the two systems are separate, they are closely linked and both play an important role in Europe's decarbonization strategy.
Carbon removals are activities and technologies that remove carbon dioxide from the atmosphere and store it permanently or for the long term.
Compliance markets are regulated by governments and require organizations to meet legal emissions obligations. Voluntary carbon markets allow organizations to purchase carbon credits to support their climate goals beyond regulatory requirements.
Yes. Alongside our published reports, we provide tailored market analysis, forecasting and strategic advisory to support our clients' specific business needs. Contact our experts using the form below to discuss your requirements.
EU ETS Market Outlook covers the European Union's established emissions trading system (EU ETS).
EU ETS2 Market Outlook focuses on the new emissions trading system for buildings, road transport and small industry.
Carbon Dioxide Removal (CDR) Report explores the rapidly evolving market for permanent carbon removals, including market developments, pricing and demand.
If you're unsure which report best fits your needs, contact our experts and we will be happy to help.
To enquire about purchasing a Carbon Management Report, contact our team from the "Contact us" section below. We'll be happy to discuss the most suitable report for your needs.
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