This graphic shows the indicative flow of project-based carbon credits to various end-use sources of demand. In the past, most credits were used by companies for corporate offsetting in the voluntary carbon market (VCM), with some use in national/regional compliance carbon markets. This picture is beginning to shift to include new sources of demand for credits in the emerging compliance carbon markets, both national and under the UN.
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The Carbonwise editorial team is formed of seasoned established industry writers and specialist journalists.
24 March 2026
The European Commission proposed several important changes to the EU Emissions Trading System (EU ETS) in March after recent pushback from industry over rising costs.
23 March 2026
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18 March 2026
It’s not clear to many how carbon credits come into existence. They don’t just ‘pop up’ in the way central banks increase the currency supply.
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