Live Carbon Prices Today
CarbonCredits.com Real-time Pricing
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Mandatory Compliance Market Carbon Pricing
Mandatory (Compliance) Market: Mandatory (compliance) markets are governed by national, regional, or provincial law and compel emission sources to meet GHG emission reduction targets. Because compliance program offset credits are generated and traded for regulatory compliance, they typically act like other commodity pricing. Data in the charts below is provided by Tradingview.
Voluntary Market Carbon Pricing
Voluntary Carbon Market: Voluntary Carbon Markets enable carbon emitters to offset their unavoidable emissions by acquiring carbon credits generated by initiatives aimed at removing or decreasing GHG emissions from the environment. Companies can engage in the voluntary carbon market on their own or as part of an industry-wide program. Data below could be delayed by as much as 24hrs.
European Carbon Credit Market
EU ETS – is the European carbon credit contract which is exchange traded. It is a Futures contract for the purposes of trading and delivering EUAs (European Union Allowance – the official name for the region’s emission allowances). One EUA allows the holder to emit one ton of CO2 or C02 equivalent greenhouse gas.
Nature Based Carbon Offset
N-GEO futures contracts are comprised of Nature-Based offsets projects from the Verra registry – projects that fall under the Agriculture, Forestry, or Other Land Use (AFOLU) categories. Nature-based solutions can provide valuable contributions to biodiversity, but it’s also often considered more difficult to accurately verify the amount of carbon actually offset in nature-based projects.
Aviation Industry Carbon Offset
GEO’s futures contracts follow the International Civil Aviation Organization’s CORSIA standard. These carbon offsets from three major registries – Verra, the American Carbon Registry, and the Climate Action Reserve. Because it is based on high-quality carbon credits that adhere to the international aviation industry standard for emissions offsetting. They are sometimes referred to as “Aviation Industry Carbon Offsets”.
China Price
China launched its own domestic ETS in 2021, though carbon credits had already traded been extensively at the provincial and municipal levels for years beforehand. The world’s largest in terms of emissions covered, China’s ETS is estimated to account for over 40% of the country’s carbon emissions (roughly 4 billion tCO2), largely from its power sector. The ETS is expected to expand to cover other sectors in the years to come, and should serve as an important tool in the Chinese government’s climate change mitigation plans.
Tech Industry Carbon Offset
C-GEO futures contracts are comprised of tech-based, non-AFOLU offset projects from the Verra registry that align with the CCPs. The C stands for “Core” or the Taskforce on Scaling Voluntary Carbon Markets’ Core Carbon Principles (CCPs). The CCP is an emerging set of transparent and consistent standards around the supply of carbon credits overseen by the Integrity Council for the Voluntary Carbon Markets. This is a tech based carbon futures contract.
South Korea Price
One of the first mandatory country-level Emissions Trading Schemes as well as the third largest in the world, South Korea’s K-ETS was launched in 2015 and covers nearly three-quarters of the entire country’s S1+S2 emissions. As one of the first movers in the compliance markets the K-ETS is already in its third phase of implementation, with futures trading expected later in 2023 and individual/international participation in 2024. South Korea has set a national target of net zero by 2050, and the K-ETS will serve as a cornerstone to achieve that.
New Zealand Spot Price
Established in 2008, New Zealand’s NZ ETS is key to the government’s climate change targets, as evidenced by the fact that it’s been reviewed three times and amended seven times in the years since, with its fourth review currently under way in 2023. With all major sectors of New Zealand’s economy covered under the NZ ETS, it accounts for just over half of all of the island nation’s GHG emissions. One particular challenge for the New Zealand government is the fact that roughly half of the country’s emissions comes from agriculture – the country is still currently in the process of finalizing its accounting, reporting and pricing mechanisms for its farmers and growers.
Australia Spot Price
Initially, the Australian government introduced a carbon pricing scheme in 2011 but it was fairly quickly repealed in 2014. It would take until 2023 for Australia to take another crack at launching an ETS, featuring domestic offset-like products named Australian Carbon Credit Units, or ACCUs. While the Australian ETS is still in its nascent early stages, investors and speculators have already piled into ACCUs, even though the actual drafting of relevant legislation isn’t expected to begin until late 2023. Still, with ACCU prices capped at $75/tonne rising by CPI plus 2 percent a year, those loading up are expecting a supply/demand imbalance to drive prices towards the cap.