At Carbon Market Watch, 2025 was an active year full of activism in which we championed the cause of a liveable planet for people everywhere. Read our annual report to learn about the year’s highlights, successes and challenges, as well as how the CMW family has changed.

From technical update to industry handout: How EU policymakers are weakening carbon market benchmarks – and deepening fossil dependency
A technical update to EU ETS heat & fuel benchmarks has become a multi-billion-euro giveaway to polluting industry.

