The 20 largest carbon projects by credits issued, as of 1Q 2025 (tCO₂e)*

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Transition Finance Tracker

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* Based on issuances from April 1, 2024 through March 31, 2025. Source: MSCI Carbon Markets, data as of March 31, 2025, based on data from ACR, ART, BioCarbon, CAR, Cercarbono, Climate Forward, CDM (NDC eligible credits only), GCC, Gold Standard, Plan Vivo, Puro Earth and Verra.

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