Voluntary Carbon Market (VCM) Update Q1 Q2 – 2025

Since early 2025, the voluntary carbon market has evolved with strong credit retirements and a growing focus on quality. While issuances remain stable, retirements may soon outpace them, driven by demand for high-integrity credits. Transparency, accountability, and standardisation are now key market drivers.

New guidance from the SBTi and governance frameworks from ICVCM and VCMI are driving a more trustworthy and interoperable carbon market. These efforts strengthen environmental integrity and support long-term market resilience aligned with global climate goals.

In this update, we cover the following developments:

• Status of the ICVCM and VCMI processes
• Carbon removals in the eu: a new era of certification, infrastructure, and market design
• Article 6 of the paris agreement: developments relevant to private markets
• Anthesis own carbon project development: key milestones in regenerative agricarbon projects and a landfill gas project.
• Scope 3 decarbonisation: overcoming barriers with ambition and action
• A short market overview