About This Article

Welcome to our monthly update on the voluntary carbon market. This month, we analyze the carbon credit retirements for January 2026. As the year draws to a close, we typically see a rush of activity as corporates settle their accounts for the calendar year. This December was no exception, characterized by massive volumes from the energy sector and a significant market correction event by a major standard body.

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Retirement Records For This Month

Let’s dive into records for this month!

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Please note that:

  • The dataset only includes records from the following voluntary carbon credit registries, which are publicly available on their website: American Carbon Registry (ACR), ART TREES (ART), Climate Action Reserve (CAR), Gold Standard (GLD), and Verra (VCS).

  • We have only included records where the retirement quantity is equal to or greater than 1,000 tonnes of CO2e.

  • The company assigned to each retirement record was determined based on the information present in each individual note.

  • Sector information is categorized in reference to the Global Industry Classification Standard (GICS) to align each entry with the most likely respective industry.

Key Takeaways

The headline story for January is the dominance of Etsy and Salesforce, who together retired nearly half a million tonnes of CO2e. However, the types of projects being supported are shifting. We are seeing a move away from standard renewables and towards more niche industrial gases, methane abatement, and infrastructure innovations.

Here are the most significant activities observed in the data:

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