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WHITE PAPERS

Unpacking Carbon Market Convergence: How Compliance Is Redefining Voluntary Markets.

Explore the fast-accelerating convergence between voluntary and compliance carbon markets, and what the unified future looks like for market participants.
December 11, 2025
White papers

Carbon markets are evolving rapidly. Compliance frameworks are increasingly influencing voluntary markets, blurring boundaries and redefining standards. This convergence is reshaping price signals, governance, and market integrity - creating new dynamics for all stakeholders.

Our latest whitepaper, developed in collaboration with LSEG, examines the drivers behind this shift and what it means for market participants. From Article 6 integration to quality benchmarks and pricing trends, discover how voluntary and compliance markets are moving toward a unified future.

In the paper, you'll learn:

  • How Article 6 is driving structural integration - and what A6.2 vs A6.4 really means for market design.
  • Why new quality labels (CCP, CORSIA) are reshaping liquidity, credibility, and price formation.
  • The growing link between ratings and pricing - and what this tell us about market confidence.
  • The role of digital infrastructure, data standardisation and insurance in reducing risk.
  • The key trend that will shape future convergence across global carbon markets.
Unpacking Carbon Market Convergence: How Compliance is Redefining Voluntary Markets