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2026 State of the Voluntary Carbon Market

About this event

2026 State of the Voluntary Carbon Market

For corporate buyers, project developers, investors, and policymakers

The voluntary carbon market (VCM) risks stagnation. Most organizations with 2030 climate goals have yet to engage in carbon removal procurement. Without buyer action today, CDR supply will falter, and targets will slip out of reach.

Join our experts to explore key insights from the 2026 report:

  • The current VCM landscape and what that means for 2026 and beyond
  • Why retirements and climate commitments aren’t moving in parallel
  • Why over 80% of high-durability CDR capacity is at risk of not being realized without additional offtake
  • Five actions buyers must take to activate the market

Hosted by

  • External speaker
    E
    Nicole Egna Sr. Climate Strategy Associate @ Carbon Direct

    As a Senior Climate Strategy Associate, Nicole works with Carbon Direct’s clients to design high-quality carbon removal strategies, combining deep environmental science expertise with data-driven carbon-market insight. Nicole has worked in environmental science and data since 2017. At Bloomberg L.P., she served as Carbon Data Product Owner, leading the global carbon-market data portfolio by standardizing datasets, overseeing modeling, and coordinating across data, engineering, and product teams. Previously, Nicole led data analytics for the San Diego Zoo Wildlife Alliance’s Giraffe Conservation Program, applying machine-learning and remote-sensing techniques to millions of camera-trap images. Her analyses supported the IUCN’s decision to reclassify giraffes from Vulnerable to Endangered. During graduate studies at Duke University, Nicole conducted research on cetaceans, forest carbon stocks in Gabon, and giraffe occupancy in Kenya.

  • External speaker
    E
    Sanna O'Connor-Morberg (moderator) Director of Strategy and Markets @ Carbon Direct

    Sanna leads Carbon Direct’s work on market-based mechanisms and their role in the net-zero transition. Sanna works with clients to advise them on high-quality carbon reduction and removal strategies, bridging science, market realities and impact-focused outcomes. Sanna works closely with clients to advise them on high-quality carbon reduction and removal strategies and solutions, bridging science and impact-focused outcomes. Sanna has worked in environmental science advisory since 2014. She draws on her professional experience in environmental engineering and strategic advisory with expertise in climate earth systems, land use and water resource management, and urban climate adaptation.

  • External speaker
    E
    David Lluis Madrid Climate Science and Markets Manager @ Carbon Direct

    David works with clients to advise them on carbon reduction and removal strategies that best meet their needs. David helps clients understand more about the most impactful and cost-effective carbon reduction and removal actions they could take. Prior to joining Carbon Direct, David was the lead research analyst on carbon capture, utilization and storage at BloombergNEF, where he wrote the company’s CCS market outlooks and specific research pieces on direct air capture, CO2-to-fuels and CO2 capture cost drivers.

  • External speaker
    E
    Nathan Oalican Market Strategist @ Carbon Direct

    At Carbon Direct, Nathan is responsible for Carbon Direct’s internal strategy and modelling for carbon removal pathways. He translates scientific expertise and market intelligence into strategic insights. Prior to joining Carbon Direct, Nathan developed pricing, go-to-market and full-funnel marketing strategy for clients of the sustainability, banking, and education practices at McKinsey & Company. Nathan graduated from Harvard College, where he studied terrestrial carbon cycling and energy systems modeling. He received the John Harvard Scholarship, dedicated to the top 5% of the class.

  • External speaker
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    Bodie Cabiyo Director of Interdisciplinary Science @ Carbon Direct

    Dr. Cabiyo uses interdisciplinary approaches to investigate nature-based solutions to climate change. He completed his PhD in the Energy and Resources Group at UC Berkeley, where he studied how policy and innovative technology can enable carbon-beneficial forest management. This work bridges industrial ecology, forest economics, and forest ecology.

Carbon Direct

Go from climate goal to climate action.

Carbon Direct is a science-first carbon management firm that helps organizations reduce their carbon footprint with their end-to-end platform.