Carbon markets: 5 things to look for in 2026

While carbon market policy volatility was a defining theme of 2025, we do not expect it to derail the launch of new compliance carbon regimes in 2026. The start of EU CBAM obligations in Q1 supports our view, as the incentive for carbon pricing in exposed countries moves beyond theory. 

For the carbon offset market, international carbon trading is set to accelerate while new claims guidance and risk mitigation tools are designed to reignite corporate market growth.

Drawing on insight from Lens Carbon, Carbon markets: 5 things to look for in 2026 explores these themes and more. Read it for our take on: 

• Which countries are moving ahead with compliance carbon pricing schemes and international carbon markets under Article 6?
• Will sectoral expansions for carbon pricing be forced to change shape in the face of external pressures and cost-of-living concerns?
• Which developments and trends will influence whether buyers, investors and financiers engage with the offset market?
• And will the new Paris Agreement Crediting Mechanism create a new market?

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