Carbon markets are evolving fast — but is the demand side keeping up?

In this episode, Magnus Drewelies (Founder & CEO of Ceezer) joins Edward and Rene to unpack key insights from the World Bank’s 2025 State and Trends of Carbon Pricing report and explore what’s really happening in carbon credit markets.

We discuss the rapid rise of carbon removals, especially nature-based solutions — and the shift toward forward purchases and long-term offtakes. But as Magnus explains, this isn’t a supply problem. The real constraint is on the buyer side: price uncertainty, unclear rules, and fragmentation are slowing scale.

Also in this episode:

- The Vietnam ETS and the return of offsets in compliance markets

- What nearly 1 billion unretired credits mean for price confidence

- Institutional capital: what’s blocking it, and how to unlock it

- Why market maturity depends on more than just better MRV

Every week, Edward Smith invites carbon market enthusiasts for a call to discuss the biggest news stories of that week. For this episode of This Week in Carbon, moderator Edward Smith welcomed Rene Velasquez, Stefano De Clara, and Vinay Kulkarni.

This week, we zoom out to ask a hard question: Are we building carbon markets for a world that’s already on track to miss 1.5°C?

To unpack that, Edward Smith is joined by Stefano De Clara (ICAP) and Vinay Goyal (Thryve.earth) — two of the clearest voices on the intersection of policy, pricing, and market architecture. In this conversation, we cover:

- Why 2025–2030 is a make-or-break window for real mitigation

- What market tools will look like in a 3°C scenario — and how to prepare now

- How voluntary and compliance markets might finally converge (and what’s in the way)

- Why multilateralism still matters, and what could go wrong without it

Welcome to the Carbon Exposure Project

Every week, Edward Smith invites carbon market enthusiasts for a call to discuss the biggest news stories of that week. For this episode of This Week in Carbon, moderator Edward Smith welcomed Rene Velasquez and Elizabeth Aldrich.Together, they unpack a critical moment for the voluntary carbon market—where trust is low, demand is uncertain, and integrity is under pressure. Lizzie Aldrich shares her frontline experience as one of the few people actually deploying large-scale capital into forest carbon, offering sharp insight into what’s working, what’s stalling, and what needs to change.The episode covers:

• Why corporate buyers are pulling back—and what it means for project developers
• The real-world challenges of Article 6 implementation, from authorization bottlenecks to host country risk
• The growing importance of trust, safe harbor protections, and clarity for market actors
• The gap between ambition and financing on the ground
• Why data is powerful—but relationships are still at the heart of integrity

This is a grounded, field-informed conversation that cuts through the noise and focuses on what really matters for scaling high-integrity climate action.Welcome to the Carbon Exposure Project.Articles: https://www.ecosystemmarketplace.com/... https://www.ieta.org/resources/papers...

Every week, Edward Smith invites carbon market enthusiasts for a call to discuss the biggest news stories of that week. For this episode of This Week in Carbon, moderator Edward Smith welcomed Abraham Robertson and Olivier Lejeune

Every week, Edward Smith invites carbon market enthusiasts for a call to discuss the biggest news stories of that week. For this episode of This Week in Carbon, moderator Edward Smith welcomed Thibault Sorret and Judith Simon

Every week, Edward Smith invites carbon market enthusiasts for a call to discuss the biggest news stories of that week. For this episode of This Week in Carbon, moderator Edward Smith welcomed Rene Velasquez and Jean de Barrau de Muratel

Every week, Edward Smith invites carbon market enthusiasts for a call to discuss the biggest news stories of that week. For this episode of This Week in Carbon, moderator Edward Smith welcomed Rene Velasquez and Stephanie Zhu

Every week, Edward Smith invites carbon market enthusiasts for a call to discuss the biggest news stories of that week. For this episode of This Week in Carbon, moderator Edward Smith welcomed Rene Velasquez and Brennan Spellacy

Every week, Edward Smith invites carbon market enthusiasts for a call to discuss the biggest news stories of that week. For this episode of TWIC, moderator Edward Smith welcomed Rene Velasquez and Nathan Truitt

Every week, Edward Smith invites carbon market enthusiasts for a call to discuss the biggest news stories of that week. For this episode of TWIC, moderator Edward Smith welcomed Rene Velasquez, Steve Zwick, and Renat Heuberger.