Surfacing Opportunity and Risk from
Carbon Pricing.

SparkChange is a specialist provider of data and insights about the biggest driver of transition risks: Carbon Pricing.

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Energy Risk Awards 2025:
Climate Risk Advisory Firm of the Year

Our Intelligence empowers financial institutions globally to capitalise on the opportunities and avoid unwanted risks arising from carbon pricing regulation

Carbon Pricing grows across three dimensons now

Scope

More and more governments select compliance carbon markets to regulate emissions

36

Markets
operating  
globally today

14

new markets
under
development

60%

Priced emissions
by 2030

Price

As regulators aim to reduce emissions, permits to pollute will become scarce and prices incresae

+130%

EU Carbon
Price increase
by 2030

$85

Required
global average
carbon price

$949bn

Market size
in 2024

Efficacy

Governments start to phase out free pollution permits, resulting in significant liabilities for firms

€41bn

Annual current
subsidies in
the EU ETS

€0

Subsidies
by 2035

90%

of allowances
globally free
of charge today

Carbon Footprint is an inadequate proxy for transition risk

When the EU Carbon price increases, a Utility with 24 million tonnes of CO2 emissions per year will see an increase in profits

By end of 2025, an Airline will loose emission allowances worth €350m per year, tripling its compliance liability.

By 2030, a globally diversified equity portfolio is expected to loose 11% in value due to carbon pricing

Explore the Data

Built for financial institutions

Opportunity and Risk from Climate Regulation

The carbon footprint is an inadequate proxy for carbon price exposure. SparkChange bottom-up modelling combines 30+ data sources to quantify the effect of carbon pricing on corporate earnings.  It enables
‍

  • Advisory teams to support clients with innovative strategic insights and benchmark analysis. Learn more >>

  • Commodity sales teams to surface hidden carbon price risks at their clients operations. Learn more >>

  • Fund managers to include financial effects of carbon pricing in decision making. Learn more >>

  • Risk teams to identify and measure financial risks due to climate regulation. Learn more >>

Why Spark Change

Unrivalled Expertise in
Carbon Price Exposure

A Team of Carbon Market experts, analysing Carbon Pricing for decades

Transparent, global bottom up model, co-developed with leading academics

Expert community to learn, discuss and network with a diverse group of industry professionals

Latest Insights

Trading Strategies in EU Carbon Markets

How emitters in the EU and UK emissions trading system act in the market

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21st May 2025, 10AM ET / 2PM UK

New World Disorder, Carbon Market Order?
EU Carbon Pricing and the MSR

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New World Disorder, Carbon Market Order?

EU Carbon Pricing and the MSR

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