Home / Data & AI / VCM Price Assessment / August 2026
End-August snapshot · Live order book · 1 September 2026

VCM Price Assessment — August 2026

A live read of the voluntary carbon market straight from the EOM order book — spot and forward ask prices by sector and vintage, CORSIA CP1 Labelled and ICVCM CCP supply, bid levels and where prices moved over August.

REDD+ avg$4.85
·
IFM avg$14.69
·
ARR avg$16.00
·
Blue Carbon avg$37.46
·
Cookstoves avg$5.31
·
CP1 Labelled avg$14.50
·
CCP avg$7.30
·
Agriculture avg$16.18
·
Wind avg$1.47
·
Solar avg$1.96
·
Biochar / Tech avg$121.17
← No later edition yet Earlier: July 2026 → All editions
Prices: EOM Carbon order book · accessed 01 Sep 2026 · 1,055 orders Coverage: 1,040 asks · 15 bids · USD / EUR / GBP CORSIA: CP1 Labelled tag only · 17 asks · 1 bid News: Carbon Pulse · Bloomberg · Norton Rose Fulbright · ICVCM · Sylvera · Carbon Direct · GreenAir
Basis of assessment

A point-in-time snapshot of the offers live on the EOM order book when the data was taken on 1 September 2026 (i.e. an end-of-August snapshot). Figures are not a through-the-month average, and exclude orders that were posted and then withdrawn or archived during August. The only time-scoped section is §08 August activity, which reports orders modified between 1 and 31 August versus the full-book average.

01
Market Headlines — August 2026
Carbon Pulse · Bloomberg · Norton Rose Fulbright · ICVCM · Sylvera · Carbon Direct · GreenAir

Trailing-month voluntary carbon market developments. Every claim is attributed inline to a named external source; items marked EOM DATA tie the news to figures in EOM's live order book. Editorial inference is confined to the commentary box in §09 and labelled as such.

EU tables ETS aviation revision — Commission concludes CORSIA "not strengthened", extends regional scope
On 17 July 2026 the European Commission tabled its EU ETS revision. It concluded CORSIA's integrity criteria "have not been met and CORSIA has not been strengthened", and proposed extending EU ETS scope to flights landing in countries within 5,000km of the EU from 2029 (with a 2032 reassessment), while stopping short of a full departing-flight expansion. ICAO, IATA and Airlines for America opposed the move. This is the single most important CORSIA-demand variable for the coming year and frames the EOM CP1 Labelled book.
EOM DATA Directly relevant to the 17 CP1 Labelled asks on EOM ($12.75–$20).
GreenAir News · Norton Rose Fulbright · National Law Review17 Jul 2026 (assessed Aug 2026)
CORSIA benchmark holds near $13 as physical clears above $12
Benchmark ICE CORSIA futures held just below $13/t in the week of 3–9 August and crept back towards $13/t over 10–16 August, with physical transactions clearing comfortably above $12/t. Carbon Pulse attributed the firmness to greater Phase 1 demand certainty following the EU ETS reform proposals, even as developers hold credits back waiting for higher prices.
EOM DATA EOM CP1 Labelled asks average $14.50 (w.avg $14.48) — pricing above the ICE CORSIA benchmark.
Carbon Pulse (VCM 3–9 Aug 2026) · Carbon Pulse (VCM 10–16 Aug 2026)3–16 Aug 2026
Rwanda authorises up to 1.8Mt from a Verra cookstove project for CORSIA / Article 6
Rwanda authorised up to 1.8 million carbon credits from a Verra-certified Improved Cookstove project, enabling international transfer under Article 6 and use as CORSIA-eligible units. Host-country Letters of Authorisation remain the binding supply constraint — ICAO reported only ten LoA-issuing countries as of April 2026.
EOM DATA Rwanda dominates EOM's CP1 Labelled book — VCS 3699, VCS 4150, GS 11135 and GS 11133 are all Rwandan cookstove/energy-demand orders at $13.15–$15.00.
Carbon Pulse (VCM 10–16 Aug 2026) · ICAOAug 2026
CORSIA-eligible supply tops 40Mt as programme nears Phase 2
The supply of CORSIA-eligible credits passed 40 million tonnes in July 2026 as the programme prepares to enter Phase 2. Supply still trails demand sharply: analysts had flagged only ~32Mt available in Q1 2026 against ~146Mt of estimated demand.
EOM DATA EOM's 17 CP1 Labelled asks total 1.55Mt — a thin but real slice of immediately-available compliance-grade supply.
Carbon Pulse · Regreener — CORSIA buyer's guideJul–Aug 2026
Microsoft cuts carbon-removal buying ~80% amid AI spend
Microsoft purchased ~8.55Mt of durable carbon removals through mid-July 2026 — roughly 80% less than the same period in 2025 — as capital shifts to AI data-centre expansion (its FY25 emissions rose 25%). Microsoft still accounts for nearly half of all CDR transactions in 2026, so the pullback carries outsized weight; a 650,000t BioCirc deal in May signals a more selective, not exited, stance.
EOM DATA EOM's engineered-CDR book is thin and high-priced (Biochar/Tech CDR spot $98–$155, avg $121) — exposed to the demand-side signal from the largest buyer.
Bloomberg · CarbonCredits.com13 Aug 2026
ICVCM CCP label scales to ~108Mt across 38 methodologies
The Integrity Council's CCP label has scaled from 27Mt under 7 methodologies (June 2024) to roughly 108Mt under 38 methodologies and 9 eligible programmes by mid-2026. In August, Verra methodologies for methane reductions from rice cultivation and for landfill gas were approved under the Core Carbon Principles.
EOM DATA EOM shows 50 CCP-labelled orders; the 45 CCP spot asks average $7.30/t (w.avg $8.16) — a clear integrity premium over unlabelled REDD+ at $4.85.
STX Group / ICVCM · Carbon Pulse (VCM 10–16 Aug 2026)Aug 2026
REDD+ pricing bifurcates: high-integrity holds, legacy struggles
Nature-based pricing continued to split by quality. Brazilian Amazon REDD+ (Verra) traded around €12–15/t, with high-integrity, strong-co-benefit projects commanding €25+/t and high-integrity nature-based removals roughly €15–35/t, while legacy projects struggled to find buyers at any price.
EOM DATA Mirrored on EOM: 107 REDD+ spot asks span $0.10–$15.50 (avg $4.85) — one of the widest quality spreads in the book.
OPIS · Sylvera — market trendsAug 2026
Developer signs $1M+ deal to supply CORSIA-eligible credits to an energy trader
A project developer signed a seven-figure agreement with a major energy-trading company to supply CORSIA-eligible credits, as buyers position ahead of the aviation scheme's first surrender deadline. Bilateral, off-market deals of this kind underline that compliance-grade supply is being locked up directly with counterparties.
EOM DATA Consistent with the single CP1 Labelled bid on EOM ($12.00, 50,000t) probing for compliance-grade supply.
Carbon Pulse (VCM 10–16 Aug 2026)Aug 2026
SBTi Corporate Net-Zero Standard V2 introduces interim removal targets
SBTi's Corporate Net-Zero Standard V2 — mandatory from January 2028 — introduces "ongoing emissions responsibility" and interim removal targets scaling from roughly 0.5–2.8% of emissions in 2030 to ~10% by 2050. It is the largest latent demand catalyst for high-integrity credits, affecting thousands of SBTi-committed companies.
EOM DATA Structural demand tailwind for the CCP-labelled and removals supply visible on EOM.
CNaught — Q1 2026 VCM · Senken — ICVCM guideAug 2026
Corporate procurement continues: UK operator seeks 24,000t nature + engineered removals
A UK mobile network operator opened a four-year procurement for 24,000t of removals across nature-based and engineered projects — a representative example of the steady, quality-led corporate demand building beneath the headline hyperscaler pullback.
Carbon Pulse (VCM 10–16 Aug 2026)Aug 2026
02
Spot Price Summary — All Sectors
930 spot ask orders · USD · 01 Sep 2026

Spot ask (offer) levels from the PriceFrom field, USD only. Sectors ranked by average ask price. W.Avg = volume-weighted average.

Biochar / Tech CDR SPOT
$121.17
$98–$155 · n=3 · med $110.5
w.avg $123.67 · vol 75k
Blue Carbon SPOT
$37.46
$27.75–$45 · n=12 · med $37.75
w.avg $36.54 · vol 71k
Unclassified SPOT
$30.30
$0.6–$153 · n=36 · med $16.25
w.avg $10.89 · vol 1.97Mt
Biomass SPOT
$27.93
$0.3–$160 · n=6 · med $1.58
w.avg $1.28 · vol 328k
Soil Carbon SPOT
$17.20
$10–$37.85 · n=16 · med $15.5
w.avg $14.08 · vol 1.93Mt
Agriculture SPOT
$16.18
$0.18–$36.55 · n=29 · med $18
w.avg $15.00 · vol 2.53Mt
ARR SPOT
$16.00
$0.15–$45 · n=89 · med $15
w.avg $17.13 · vol 3.87Mt
IFM SPOT
$14.69
$0.45–$39.5 · n=45 · med $15.7
w.avg $12.89 · vol 2.41Mt
SectorNMinMaxAvgMedianW.AvgVol (tCO₂e)Fwd (n · range)Signal
Biochar / Tech CDR 3 $98.00$155.00 $121.17$110.50$123.67 75,000 — ▲ Structural bid
Blue Carbon 12 $27.75$45.00 $37.46$37.75$36.54 70,894 3 · $12–$42 ▶ Stable
Unclassified 36 $0.60$153.00 $30.30$16.25$10.89 1,965,508 21 · $4.95–$225 ▶ Quality spread
Biomass 6 $0.30$160.00 $27.93$1.58$1.28 327,799 — ▶ Quality spread
Soil Carbon 16 $10.00$37.85 $17.20$15.50$14.08 1,928,529 3 · $20.1–$24.1 ▶ Stable
Agriculture 29 $0.18$36.55 $16.18$18.00$15.00 2,530,250 17 · $5–$30 ▶ Quality spread
ARR 89 $0.15$45.00 $16.00$15.00$17.13 3,866,227 19 · $3.25–$42 ▶ Quality spread
IFM 45 $0.45$39.50 $14.69$15.70$12.89 2,414,423 3 · $16.2–$35 ▲ Fwd premium
Construction CDR 12 $9.50$18.00 $13.92$15.00$14.18 266,833 — ▶ Stable
Transport 5 $4.00$15.50 $8.80$6.00$10.09 89,648 1 · $6.5–$6.5 ▶ Stable
Energy Demand (other) 50 $1.25$120.00 $7.94$3.75$7.33 2,374,890 — ▶ Quality spread
Fugitive Emissions 4 $1.20$20.00 $6.61$2.63$5.71 246,000 — ▶ Stable
Chemical / N2O 38 $0.70$15.00 $5.84$5.50$6.60 2,566,572 — ▶ Stable
Cookstoves 81 $0.75$25.00 $5.31$2.50$4.93 5,316,126 11 · $2.1–$27.65 ▲ Fwd premium
Waste 37 $2.00$26.00 $5.23$4.50$5.22 2,204,806 — ▶ Stable
Water Purifiers 29 $2.50$15.00 $5.01$3.75$3.96 1,294,834 2 · $2.95–$6 ▶ Stable
REDD+ 107 $0.10$15.50 $4.85$4.00$4.61 12,053,955 9 · $1.3–$7.5 ▶ Quality spread
Biogas 15 $1.35$13.50 $4.66$4.00$4.94 579,523 — ▶ Stable
Landfill Gas 37 $1.25$7.10 $4.03$3.85$4.45 2,274,369 1 · $7.75–$7.75 ▲ Fwd premium
Solar 70 $0.40$13.00 $1.96$0.80$1.12 11,976,416 2 · $0.65–$0.65 ▶ Stable
Renewables 61 $0.14$9.90 $1.69$0.85$0.90 6,501,574 2 · $13–$13 ▲ Fwd premium
Hydro 20 $0.20$5.45 $1.57$0.63$0.69 23,429,411 2 · $13–$13 ▲ Fwd premium
Wind 128 $0.30$6.00 $1.47$0.91$1.22 14,571,187 6 · $0.65–$4.7 ▲ Fwd premium
EOM Carbon order book, 01 Sep 2026 · Ask-side USD spot orders only · "Unclassified" = orders with no granular sector tag in source data (e.g. Puro.earth removals, broad AFOLU) · Project Finance / Auction order types excluded from price matrices.
03
Vintage Trends — Spot Ask Prices by Issuance Year
930 spot asks · all sectors · USD

Vintage year remains the most consistent cross-sector pricing driver. Multi-year ranges are bucketed on their first year. A clear new-vintage premium is visible from 2024 onward.

VintageNAvgMedianW.AvgMinMaxTrend
≤201322$2.54——$0.14$12.00▼ Legacy
20148$1.74$0.95$0.78$0.15$5.40▼ Discount
201512$5.64$1.05$0.89$0.38$40.00▼ Discount
201614$3.25$2.05$4.43$0.15$20.99▼ Discount
201724$4.73$3.68$4.45$0.20$23.00▶ —
201848$9.15$6.00$2.67$0.10$40.00▶ —
201953$9.11$3.85$7.06$0.15$150.00▶ —
2020115$6.92$3.75$5.83$0.35$36.55▶ Integrity trough
2021160$6.40$3.75$4.06$0.18$45.00▶ Integrity trough
2022156$8.39$3.75$4.58$0.43$43.00▶ —
2023159$8.30$3.75$6.05$0.40$120.00▶ —
2024117$11.68$5.00$6.15$0.40$149.00▲ New-vintage premium
202528$23.41$5.80$9.82$0.51$160.00▲ New-vintage premium
202614$2.49$0.63$1.72$0.45$9.50▲ New-vintage premium
04
CORSIA Phase 1 — CP1 Labelled Orders Only
Tag = "CP1 Labelled" · 17 asks · 1 bid · USD
Scope & context

This section uses only orders whose eligibility tags contain the exact "CP1 Labelled" label. Orders tagged "CORSIA" (eligible), "CP1 Eligible", "CP1 Aligned" or "Article 6.2" are excluded — including the cheap solar/wind supply those tags pull in. This is the practical depth of immediately-available, compliance-grade CORSIA supply visible on EOM. These are the CP1 offers live on the book as of 1 Sep 2026 (an end-August snapshot) — not every order posted during the month.

CP1 Ask Avg
$14.50
$12.75–$20 · n=17 · med $14.15
W.Avg Ask
$14.48
volume-weighted
Total Offered Vol
1.55Mt
1,554,847 tCO₂e · 13 spot / 4 fwd
CP1 Bid
$12.00
50,000t · 2021-2026
All CP1 Labelled ask orders
ProjectCountrySectorVintageAsk ($/t)Vol (tCO₂e)TypeValidityNotes / other tags
VCS 4000GM Fugitive Emissions2024-2026 $20.0056,000 SpotIndicativeCP1 Labelled only
Portfolio— Unclassified2021-2026 $15.30130,000 ForwardIndicativeCP1 Labelled only
GS 11135RW Energy Demand (other)2023-2024 $15.0050,000 SpotIndicativeCP1 Labelled only
Portfolio— Unclassified2021-2026 $15.0020,000 ForwardIndicativeCP1 Labelled only
VCS 4531UZ Chemical / N2O2021-2026 $15.00100,000 SpotIndicativeCP1 Labelled only
Portfolio— Unclassified2021-2026 $14.9520,000 ForwardIndicativeCP1 Labelled only
Portfolio— Unclassified2021-2026 $14.9020,000 ForwardIndicativeCP1 Labelled only
VCS 4531UZ Chemical / N2O2021-2026 $14.50500,000 SpotIndicativeCP1 Labelled only
VCS 3699RW Cookstoves2022-2024 $14.1550,000 SpotIndicativeCP1 Labelled only
VCS 3052KH Water Purifiers2021-2026 $14.0050,000 SpotIndicativeSD VISta / CP1 Aligned
VCS 4150RW Cookstoves2024 $13.95100,000 SpotIndicativeCP1 Labelled only
GS 11732TZ Cookstoves2023 $13.9550,000 SpotIndicativeCP1 Labelled only
VCS 4150RW Cookstoves2022-2024 $13.85200,000 SpotIndicativeCP1 Labelled only
GS 11133RW Energy Demand (other)2022-2024 $13.2578,847 SpotFirmTillDateCP1 Labelled only
VCS 3699RW Cookstoves2021-2026 $13.15100,000 SpotFirmTillDateCP1 Labelled only
Portfolio— Unclassified2021-2026 $12.855,000 SpotIndicativeCP1 Labelled only
Portfolio— Unclassified2021-2026 $12.7525,000 SpotIndicativeCP1 Labelled only
CP1 Labelled bid
Side / ProjectCountrySectorVintageBid ($/t)Vol (tCO₂e)TypeValidityNote
BID Portfolio—Unclassified2021-2026$12.0050,000SpotFirmTillDateCP1 Labelled bid
CP1 Labelled — Order Book Insights
  • 17 CP1 Labelled asks, 1.55Mt — a thin but real slice of compliance-grade supply, consistent with CORSIA-eligible issuance only recently passing ~40Mt globally (Carbon Pulse).
  • Rwanda dominates the labelled book — VCS 3699, VCS 4150, GS 11135 and GS 11133 are Rwandan cookstove / energy-demand orders at $13.15–$15.00, directly relevant to Rwanda's August authorisation of up to 1.8Mt for Article 6 / CORSIA transfer (Carbon Pulse).
  • Uzbekistan VCS 4531 (N2O) is the single largest labelled volume at 600,000t across two asks ($14.50–$15.00).
  • Forward CP1 supply has appeared — 4 CP1 Labelled forward asks are now visible (all portfolio/general), a change from the all-spot book earlier in the year.
05
CCP-Labelled Orders — ICVCM Integrity Premium
Tag = "CCP" · 45 spot asks · USD

Orders carrying the ICVCM Core Carbon Principles label. The CCP label scaled to ~108Mt across 38 methodologies by mid-2026 (ICVCM / STX); it remains a narrow, supply-constrained quality tier.

CCP Avg Ask
$7.30
$1.3–$19 · n=45
CCP W.Avg
$8.16
volume-weighted
CCP Volume
2.69Mt
2,686,802 tCO₂e
vs REDD+ avg
$4.85
unlabelled benchmark
Label premium vs unlabelled (EOM data)
CP1 Labelled
$14.50
CCP (all)
$7.30
IFM
$14.69
Cookstoves
$5.31
REDD+
$4.85
CCP spot asks — high to low (top 20)
ProjectCountrySectorAsk ($/t)Vol (tCO₂e)
ACR 879USIFM$19.0015,203
ACR 922USIFM$18.5029,078
ACR 879USIFM$18.3018,274
GS 12350KEEnergy Demand (other)$17.2552,612
GS 10791KECookstoves$16.7075,000
GS 11729NGCookstoves$16.0038,183
GS 10792KECookstoves$15.5067,051
GS 5642KECookstoves$15.2529,030
GS 5642KECookstoves$15.2551,357
CAR 1817MXIFM$14.551,212
CAR 1710MXARR$14.5513,349
GS 12289INCookstoves$12.0075,685
ACR 922USIFM$11.50747,787
CAR 521USLandfill Gas$7.0050,000
GS 12062BRLandfill Gas$7.001,610
VCS 947USLandfill Gas$6.2525,000
GS 12062BRLandfill Gas$6.1040,000
GS 12062BRLandfill Gas$6.1040,000
GS 12062BRLandfill Gas$5.7550,000
CAR 1480USChemical / N2O$5.60100,000
06
Bid-Side Orders — Buyer Price Levels
15 USD bids · 01 Sep 2026

Live buy-side interest. Bids are sparse relative to the 1,040-order ask book, and cluster in REDD+ and labelled compliance-grade supply.

ProjectCountrySectorBid ($/t)VintageVol (tCO₂e)Label
Portfolio—Unclassified$12.002021-202650,000CP1 Labelled
Portfolio—Unclassified$11.902021-202650,000—
Portfolio—Unclassified$11.002021-2026100,000—
VCS 1477IDREDD+$8.50201612,000—
VCS 1477IDREDD+$8.25201512,000—
PortfolioMXIFM$8.00202150,000—
Portfolio—Cookstoves$8.00202170,000CCP
VCS 2551BRREDD+$7.50202130,000—
VCS 1477IDREDD+$7.302020-2022100,000—
VCS 1650KHREDD+$5.302020-2021100,000—
GS 905TRUnclassified$5.0020213,500—
VCS 2458CNARR$4.50202050,000—
GS 10790SOCookstoves$3.002022100,000—
VCS 674IDREDD+$2.4020185,000—
VCS 2478BDChemical / N2O$1.202019-2020100,000CCP
07
Forward Market — Price Structure & Tenor
102 forward asks · USD + EUR

Forward ask levels vs spot averages by sector. Positive premium implies contango (forward above spot); thin-n sectors carry outsized premia and are indicative only.

SectorFwd NFwd MinFwd MaxFwd AvgSpot AvgPremium
Unclassified21$4.95$225.00$30.83$30.30▲ +2%
ARR19$3.25$42.00$15.58$16.00▼ -3%
Agriculture17$5.00$30.00$16.12$16.18▼ 0%
Cookstoves11$2.10$27.65$12.82$5.31▲ +141%
REDD+9$1.30$7.50$3.14$4.85▼ -35%
Wind6$0.65$4.70$3.00$1.47▲ +104%
Soil Carbon3$20.10$24.10$22.10$17.20▲ +28%
Blue Carbon3$12.00$42.00$26.67$37.46▼ -29%
IFM3$16.20$35.00$24.07$14.69▲ +64%
Hydro2$13.00$13.00$13.00$1.57▲ +728%
Water Purifiers2$2.95$6.00$4.47$5.01▼ -11%
Renewables2$13.00$13.00$13.00$1.69▲ +669%
Solar2$0.65$0.65$0.65$1.96▼ -67%
Landfill Gas1$7.75$7.75$7.75$4.03▲ +92%
Transport1$6.50$6.50$6.50$8.80▼ -26%
Notable forward orders (by volume, incl. non-USD)
ProjectCountrySectorAskVintageVol (tCO₂e)Label / note
VCS 3671PYREDD+$7.50 USD20231,500,000Indicative
VCS 4372CDBlue Carbon$12.00 USD2020-2024500,000Indicative
GS 13001ETUnclassified$13.50 USD2029500,000FirmTillCancelled
VCS 5684CGARR$13.50 USD2029450,000FirmTillCancelled
GS 13001ETUnclassified$13.25 USD2030400,000FirmTillCancelled
VCS 2984RWCookstoves$12.65 USD2021-2026385,000CP1 Eligible
VCS 5684CGARR$3.25 USD2030360,000FirmTillCancelled
GS 12226UGARR$24.00 EUR2027-2029318,700FirmTillCancelled
GS 13001ETUnclassified$13.50 USD2028250,000FirmTillCancelled
VCS 5684CGARR$13.50 USD2028220,000FirmTillCancelled
VCS 5679TZREDD+$3.25 USD2029195,000Indicative
VCS 5679TZREDD+$3.25 USD2026195,000Indicative
EOM Carbon order book, 01 Sep 2026 · 4 forward asks are EUR-denominated · thin-n forward premia (n≤2) indicative only.
08
Firm Orders & August Activity
Firm asks · Full-month 1–31 Aug 2026

Left: committed price levels (FirmTillCancelled / FirmTillDate asks). Right: full prior-month activity — spot ask orders modified between 1 and 31 August 2026 versus the full-book average, showing where prices moved over the month (a full-month window, not a trailing-14-day snapshot).

Firm orders — committed levels
SectorNFirm W.AvgVol (tCO₂e)
ARR21$13.322,341,235
REDD+12$6.441,502,000
Cookstoves9$10.78506,127
Waste8$5.12458,930
Unclassified7$10.951,878,000
Energy Demand (other)6$19.23258,534
Wind6$2.401,119,528
Renewables5$3.80343,600
Solar4$4.53320,000
Hydro3$4.75195,588
Agriculture3$18.0049,604
Water Purifiers2$6.3935,000
IFM1$6.4020,000
Biogas1$6.2528,800
Blue Carbon1$43.004,500
Chemical / N2O1$9.5010,000
Landfill Gas1$6.10100,000
August activity (1–31 Aug) vs book avg
SectorNAug AvgBook AvgΔ vs book
Wind116$1.40$1.47▼ $-0.07
REDD+101$4.92$4.85▲ +$0.07
ARR73$14.65$16.00▼ $-1.35
Solar64$1.91$1.96▼ $-0.05
Cookstoves58$4.96$5.31▼ $-0.35
Energy Demand (other)37$7.33$7.94▼ $-0.61
IFM36$14.81$14.69▲ +$0.12
Renewables36$1.39$1.69▼ $-0.3
Chemical / N2O34$5.83$5.84▼ $-0.01
Landfill Gas30$3.52$4.03▼ $-0.51
Agriculture29$16.18$16.18▶ $0
Water Purifiers25$4.42$5.01▼ $-0.59
Waste20$4.27$5.23▼ $-0.96
Hydro19$1.47$1.57▼ $-0.1
Unclassified18$22.99$30.30▼ $-7.31
Biogas14$4.55$4.66▼ $-0.11
Soil Carbon12$18.51$17.20▲ +$1.31
Blue Carbon12$37.46$37.46▶ $0
Construction CDR8$16.13$13.92▲ +$2.21
Biomass5$1.51$27.93▼ $-26.42
Transport4$7.88$8.80▼ $-0.92
Fugitive Emissions4$6.61$6.61▶ $0
829 of 1,055 live orders were created or modified during August 2026 · Firm = FirmTillCancelled or FirmTillDate validity.
09
Key Events Calendar — H2 2026 & Beyond
CORSIA · Article 6 · SBTi · ICVCM · COP

Forward-looking events ranked by significance to VCM pricing and CP1 Labelled / CORSIA supply. Sources cited inline.

Date
Event & market significance
Category
Signal
Oct 2026
CORSIA Phase 2 eligibility assessment results ICAO's Technical Advisory Body is due to publish Phase 2 unit-eligibility results, with a record 25 carbon standards applying in the 2026 cycle. Determines which programmes can supply the mandatory Phase 2 (2027–2035).Carbon Direct
CORSIA
HIGH
9–20 Nov 2026
COP31 — Antalya, Turkey Core focus on finalising outstanding Article 6.2 / 6.4 (PACM) technical details to unlock international carbon co-operation, alongside 2035 NDCs and climate finance. The most significant policy catalyst for Article 6 / CORSIA supply this cycle.UNFCCC / IISD
Article 6
HIGH
31 Dec 2026
CORSIA Phase 1 emissions period ends The 2024–2026 Phase 1 offsetting period closes. Airlines must ultimately cancel eligible emissions units carrying corresponding adjustments equal to their obligation; with eligible supply only recently past 40Mt, the supply-demand gap remains the dominant price risk into year-end.Gold Standard
CORSIA
HIGH
Q4 2026
Carbon Forward Expo / Global Carbon Markets Conference Premier post-COP gatherings of the compliance and voluntary value chain — Article 6, PACM, CORSIA operationalisation and market-integrity themes. Key venues for forward-supply and CP1 sentiment.S&P Global
Event
MED
Jan 2027
CORSIA Phase 2 begins — mandatory for all ICAO states Phase 2 (2027–2035) extends coverage from voluntary Phase 1 participants to (near-)universal mandatory participation, a structural step-up in demand that pulls procurement forward into H2 2026.Regreener
CORSIA
HIGH
Jan 2028
SBTi Net-Zero Standard V2 becomes mandatory; CORSIA Phase 1 surrender SBTi V2 (with interim removal targets) becomes mandatory, and airlines must cancel all eligible units for 2024–2026 emissions by 31 January 2028 — the hard deadline driving current compliance-procurement urgency.CNaught
Demand
HIGH
2029
EU ETS regional scope extension (if adopted) Under the 17 Jul 2026 proposal, EU ETS would extend to flights landing in countries within 5,000km of the EU from 2029, with a CORSIA reassessment in 2032 that could revert or further expand scope — a swing factor for CORSIA-eligible demand.GreenAir News
ETS
MED
EOM Editorial Commentary — inference, not data-backed findings
  • Editorial: the gap between EOM CP1 Labelled asks (avg $14.50) and the ICE CORSIA benchmark (~$13) is small; if EU ETS reform firms Phase 1 demand as Carbon Pulse suggests, EOM sellers pricing at $12.75–$15 for spot compliance-grade supply may be inside forward compliance-cost projections. This is EOM commentary/inference, not a data-backed finding.
  • Editorial: Rwanda's LoA momentum is a supply-positive signal for the Rwanda-heavy CP1 book, but authorisation volume does not equal issued, transferable inventory — treat as directional, not a change in available supply.
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PRICE DATA: All carbon-credit prices are sourced from live orders in the EOM (Emsurge Open Markets) Carbon order book, accessed via the EOM MCP API on 1 September 2026. Universe: 1,055 active, non-archived, non-draft orders with an offer price above zero (as visible to the Venue host; 186 price-withheld orders are included in aggregate statistics). CORSIA analysis uses only the "CP1 Labelled" tag — "CORSIA", "CP1 Eligible", "CP1 Aligned" and "Article 6.2" tags are excluded from the CORSIA section. Prices are offer levels (PriceFrom field), not executed transaction prices. W.Avg = volume-weighted average.

NEWS & EVENTS: Headlines and event commentary are sourced from Carbon Pulse, Bloomberg, Norton Rose Fulbright, GreenAir News, ICVCM / STX Group, Sylvera, OPIS, Carbon Direct, CNaught, Regreener, ICAO, Gold Standard, S&P Global and UNFCCC / IISD. All sourced content is attributed inline. EOM makes no representation as to the accuracy or completeness of third-party sources.

DISCLAIMER: For informational purposes only. Not investment advice. Recipients should conduct independent due diligence. © EOM / Emsurge 2026.