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Commentary · Jun 2026

Carbon markets: what the headline prices leave out

A single carbon price hides wide differences in quality, permanence and verification.

General information only. This article does not constitute investment advice, a recommendation, or an offer or solicitation to buy or sell any investment. Views are as at the date of publication and may change. Capital is at risk.

Carbon credit prices are often quoted as a single number, but credits differ widely in quality, permanence and verification. A low headline price can hide projects whose benefits are hard to prove.

Our approach starts with the project rather than the price: how the baseline was set, who verifies outcomes, and what happens if the project underdelivers.

Credible measurement is what allows impact and financial value to reinforce each other.

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