What is Climate Decode?

Climate Decode is a corporate decision-making platform that uses carbon market insights to guide corporates through compliance and voluntary carbon markets. It is powered by two agentic AI platforms: TerraNova for compliance markets (India CCTS, Canada CFR, Carbon Pricing) and Canopy for voluntary markets (CORSIA, VCM, RECs, EACs, CDR, NBS).

TerraNova is Climate Decode's agentic AI platform for compliance carbon markets. It covers India's Carbon Credit Trading Scheme (CCTS), Canada's Clean Fuel Regulations (CFR), and Carbon Pricing systems including Ontario EPS, BC OBPS, federal OBPS, and CBAM. TerraNova helps obligated entities model pricing scenarios, track compliance positions, and develop actionable strategies.

Canopy is Climate Decode's agentic AI platform for voluntary carbon markets and nature-based solutions. It covers CORSIA (aviation carbon markets), VCM (voluntary carbon markets, RECs, and EACs), CDR (carbon dioxide removal including direct air capture and enhanced weathering), and NBS (nature-based solutions including REDD+, afforestation, and blue carbon). Canopy helps corporates evaluate credit quality, procurement strategies, and removal pathways.

What carbon markets does Climate Decode cover?

Climate Decode covers both compliance and voluntary carbon markets globally. On the compliance side (via TerraNova): India CCTS, Canada CFR, and Carbon Pricing systems (Ontario EPS, BC OBPS, federal OBPS, CBAM). On the voluntary side (via Canopy): CORSIA, voluntary carbon markets (VCM), renewable energy certificates (RECs), energy attribute certificates (EACs), carbon dioxide removal (CDR), and nature-based solutions (NBS).

What is the India CCTS?

The India Carbon Credit Trading Scheme (CCTS) is India's new compliance carbon market. It establishes an emissions trading system for obligated sectors, with carbon credit pricing determined by supply-demand dynamics. Climate Decode's TerraNova platform provides pricing outlook across multiple scenarios, sectoral compliance position analysis, and end-to-end compliance management for covered entities.

What are Canada's Clean Fuel Regulations (CFR)?

Canada's Clean Fuel Regulations (CFR) are a lifecycle-based fuel standard that requires fossil fuel producers and importers to reduce the carbon intensity of fuels over time. Compliance credits can be generated through fleet electrification, renewable natural gas (RNG), biogas, and carbon capture and storage (CCS) projects. Climate Decode's TerraNova platform helps obligated parties and credit generators navigate CFR compliance and strategy.

How does Climate Decode help corporates?

Climate Decode turns carbon market data into corporate action. Rather than just providing market intelligence, it guides corporates through decision-making — from understanding regulatory obligations and modelling compliance scenarios to identifying credit generation opportunities and building decarbonisation strategies. Its agentic AI platforms (TerraNova and Canopy) provide end-to-end support from emission monitoring and MRV to credit trading and compliance management.

What is CORSIA and how does Canopy help?

CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) is ICAO's global scheme requiring airlines to offset growth in international aviation emissions. Climate Decode's Canopy platform helps airlines and aviation stakeholders navigate eligible credit types, sustainable aviation fuel (SAF) pathways, compliance obligations, and market dynamics.

About Climate Decode

Climate Decode is a corporate decision-making platform that turns carbon market data into actionable strategies. It is powered by two agentic AI platforms:

TerraNova — Compliance Carbon Markets

TerraNova covers India CCTS (Carbon Credit Trading Scheme), Canada CFR (Clean Fuel Regulations), and Carbon Pricing systems including Ontario EPS, BC OBPS, federal OBPS, and CBAM. It helps obligated entities model pricing scenarios, track compliance positions, and develop strategies.

Canopy — Voluntary Carbon Markets and Nature-Based Solutions

Canopy covers CORSIA (aviation carbon offsets), VCM (voluntary carbon markets, RECs, EACs), CDR (carbon dioxide removal — direct air capture, enhanced weathering, biochar), and NBS (nature-based solutions — REDD+, afforestation, blue carbon, soil carbon). It helps corporates evaluate credit quality, procurement, and removal pathways.

Markets Covered

India CCTS, Canada CFR, Carbon Pricing (Ontario EPS, BC OBPS, federal OBPS, CBAM, TAEL, AAEL), CORSIA, Voluntary Carbon Markets, RECs, EACs, Carbon Dioxide Removal, Nature-Based Solutions, REDD+, SAF, CCS.

Who It Serves

Obligated entities, corporates, sustainability leaders, carbon traders, fleet operators, airlines, and industrial emitters across global compliance and voluntary carbon markets.

Insights & Analysis

Turning Carbon Market Data Into Corporate Action

Name: TerraNova
Author: Climate Decode

We decode carbon markets so corporates can act. Powered by TerraNova (compliance markets) and Canopy (voluntary markets & nature-based solutions) — our agentic AI platforms turn market data into actionable corporate decisions.

Explore Our Coverage ↓

Featured

New Series • Carbon Border

EU CBAM for Canadian Exporters: Four-Paper Series

The border levy went definitive on 1 January 2026 — and a US tariff wall pushed record Canadian tonnage straight at it. Exposure, machinery, strategy, and the deduction for carbon prices paid at home.

What's Inside

• The exposure map — aluminium +276% to Europe in 2025

• Compliance machinery — declarants, data, 30 Sep 2027

• Algoma, ELYSIS & the green premium — intensity into position

• Draft May 2026 rules — crediting the carbon price paid in Canada

Explore the Series →

Policy Commentary • Canadian Carbon Pricing

Canada–Alberta MOU: Certainty Delivered, Ambition Deferred

A 14-year TIER price schedule, the first-ever TIER credit price floor, jointly funded carbon contracts for difference, and a federal benchmark that resets to Alberta’s trajectory under GGPPA Section 1.6.1.

What's Inside

• 14-year TIER price schedule with the first credit price floor

• Jointly funded carbon contracts for difference

• Federal benchmark reset under GGPPA Section 1.6.1

• Implications for BC OBPS, WCI Quebec, Ontario EPS

Read the commentary →

New Series • India Compliance Markets

India CAFE: Norms, OEMs & the New Credit Market

Seven parts on India’s Corporate Average Fuel Efficiency norms — the CAFE-II baseline, the CAFE-III step-change from FY28, OEM-by-OEM cost exposure, and the 5-year credit market modelled in full.

What's Inside

• The 105 to 78.9 g target curve, WLTP transition, super-credits

• All 15 PV OEMs mapped: Maruti, Tata, Hyundai-Kia, Mahindra, MG-JSW

• ₹8–15K Cr industry penalty exposure FY28–32, modelled per OEM

• 4-scenario credit-market model + TerraNova for CAFE walkthrough

Explore the Series →

New White Paper • Free Gated Download

Pulp & Paper Decarbonization: Process Emissions, Carbon Markets & Capital Discipline

Six lever families, a reference 200 kADt/yr kraft mill, BECCS and on-site biogas case studies with layered MAC math, and the carbon-market stack that turns each project from below break-even to investable.

What's Inside

• Six decarbonization lever families, fully characterised

• A reference 200 kADt/yr kraft mill and its emissions hotspots

• BECCS & on-site biogas case studies with layered MAC math

• Carbon-market & tax-incentive tables, IEA pathway to 2050

Get the White Paper →

New Series • Industrial Decarbonization

Agriculture & Food Systems: Four-Paper Series

Close to a third of global emissions and far less decarbonization capital than power or heavy industry — where agrifood emissions sit, the standards that bind them, and the financed plans that move them.

What's Inside

• The 16.5 Gt baseline and the eleven-subsector map

• SBTi FLAG — the land target most agrifood firms now owe

• CBAM & fertilizer — €0 to €208/t worked cost cases

• Scope 3 supplier engagement — decarbonizing what you don’t own

Explore the Series →

Powered by Two Platforms

Climate Decode's agentic AI platforms break down carbon markets into actionable corporate guidance — from regulation explainers and pricing outlooks to compliance strategies and decision frameworks.

TerraNova

Compliance Carbon Markets

Agentic AI Platform

EU ETS

EU Emissions Trading System

The world's largest carbon market in three parts — cap-and-trade mechanics, the four trading phases, and the 2026 market ahead of CBAM and the ETS2 launch.

Explore Series →

Canadian Carbon Pricing

Provincial & Federal Systems

TIER, the Canada-Alberta MOU, GGPPA, Ontario EPS, BC OBPS, federal OBPS, CBAM interactions, and the policy commentary that tracks them.

Explore Series →

India CCTS

Carbon Credit Trading Scheme

India's new compliance carbon market — scheme structure, obligated sectors, pricing outlook across scenarios, and compliance management strategies for covered entities.

Explore Series →

Canada CFR

Clean Fuel Regulations

How Canada's lifecycle fuel standard works, compliance strategies for obligated parties, credit generation through fleet electrification, RNG, and CCS projects.

Explore Series →

India CAFE

Fuel Efficiency & OEM Credits

India's Corporate Average Fuel Efficiency norms — the CAFE-III step-change from FY28, all 15 PV OEMs mapped, and the new OEM-to-OEM credit market modelled.

Explore Series →

Canopy

Voluntary & International Carbon Markets

Agentic AI Platform

VCM

Voluntary Carbon Markets, RECs & EACs

Carbon credits, RECs, EACs — credit quality, registry standards, corporate procurement strategies, and market integrity frameworks.

Explore Series →

CORSIA

Aviation Carbon Markets

ICAO's offsetting scheme — eligible credits, SAF pathways, and airline compliance obligations.

Coming Soon

Article 6

Paris Agreement Carbon Markets

ITMOs, corresponding adjustments, Article 6.2 bilateral agreements, and the 6.4 crediting mechanism — where sovereign and voluntary markets converge.

Coming Soon

Industrial Decarbonization

Sector Roadmaps, Removal Economics & Project Finance

New Series

Pulp & Paper

White Paper · Summary · SBTi Briefing

Six lever families, a reference kraft mill, BECCS & biogas case studies with layered MAC math, and SBTi FLAG target setting for mills.

Explore Series →

CDR & CCUS

Carbon Dioxide Removal

The decarbonization paradox, CCUS economics after the cheap wins, 45Q vs the CCUS ITC, and dynamic MACC-based investment cases.

Explore Series →

Agriculture & Food Systems

New Series · 4 Papers

A third of global emissions — the 16.5 Gt baseline, SBTi FLAG land targets, CBAM & fertilizer, and Scope 3 supplier engagement.

Explore Series →

Chemicals

Sector Roadmap

Steam crackers, ammonia, and process emissions — abatement levers, electrification pathways, and the carbon-market stack for chemicals.

Coming Soon

Nature & Land Use

Nature Series — Corporate Nature, Land & Biodiversity Reporting

5-Part Series

Corporate Nature Reporting

TNFD · LEAP · SBTi FLAG · IFC PS · EU Nature Stack

Five practitioner guides covering the corporate nature-reporting stack end-to-end — TNFD's 14 recommendations, the LEAP assessment method, SBTi FLAG targets, IFC Performance Standard 6 for project finance, and the EU's five-instrument nature regime.

Explore Series →

Why It Matters

• 620+ organisations committed to TNFD-aligned reporting

• CSRD ESRS E4 nature disclosure now mandatory in the EU

• ISSB nature exposure draft expected around CBD COP17

Latest Articles

In-depth analysis that translates market complexity into corporate action.

SBTi Corporate Net-Zero Standard V2.0 — the final standard decoded

VCM Series · June 2026

SBTi V2.0: The Final Standard, Decoded

Published 11 June 2026. Two categories, a rebuilt OER program, a 2035 removals mandate, and a 2027 runway — what changed from the draft and how to apply it.

Read Article →

Alberta CCS Protocol v2.1 — DAC, hubs and the TIER + CFR credit stack

Canadian Carbon Pricing · June 2026

Alberta’s CCS Protocol v2.1: DAC, Hubs & the Credit Stack

The DAC electricity fix, hub-ready reversal accounting, and the one-tonne-two-credits TIER + CFR stack — the draft protocol, decoded.

Read Article →

Agriculture and Food Systems Decarbonization — where agrifood emissions sit

Agriculture Series · June 2026

Agriculture & Food Systems Decarbonization

Where the 16.5 Gt of agrifood emissions sit, why they are hard to abate, and how the sector reaches net zero — Paper 1 of the new series.

Read Article →

Fact Sheets & Resources

Concise reference guides for quick market overviews.

Canada CFR Fact Sheet

Clean Fuel Regulations overview — obligations, credit types, and compliance pathways

PDF ↓

CORSIA Fact Sheet

Aviation carbon markets — eligible credits, SAF pathways, and airline obligations

PDF ↓

India CCTS Primer

Scheme structure, obligated sectors, and compliance mechanisms

PDF ↓

India CCTS Market Outlook

Carbon credit pricing across 3 market scenarios and sectoral analysis

View →

Recent Events

Catch up on webinars and workshops from our market experts.

MAR

Webinar Recording • On-Demand

India CCTS: Market Outlook & Compliance Management

Carbon pricing outlook, sectoral analysis, and Climate Decode's compliance platform — with Abhishek Das, Koorosh Behrang & Elton Lawes.

Watch Recording →

About Climate Decode

Climate Decode uses market insights to power actionable corporate decision-making. Our two agentic AI platforms — TerraNova for compliance carbon markets (CCTS, CFR, Carbon Pricing) and Canopy for voluntary markets and nature-based solutions (CORSIA, VCM, CDR, NBS) — guide corporates through complexity and into action.

From emission monitoring and MRV to decarbonisation pathways and credit trading — two platforms, one mission: turning market data into corporate action.

Visit Climate Decode →

Catalysing Capital for Decarbonisation

Carbon Markets Intelligence & Analysis

MRV, Decarbonisation Planning, Incentives & Market Position

Residual Balancing — End-to-End Procurement

ZEV Catalyst — Accelerating Fleet Electrification

India's Carbon Credit Trading Scheme — Market Outlook

Global Voluntary Carbon Market Coverage

CFR Series — Canada Clean Fuel Regulations

VCM Series — RECs, Scope 2, RE100, SBTi & Net Zero

Turning Carbon Market Data Into Corporate Action

EU CBAM for Canadian Exporters: Four-Paper Series

Canada–Alberta MOU: Certainty Delivered, Ambition Deferred

India CAFE: Norms, OEMs & the New Credit Market

Pulp & Paper Decarbonization: Process Emissions, Carbon Markets & Capital Discipline

Agriculture & Food Systems: Four-Paper Series

Powered by Two Platforms

TerraNova

EU ETS

Canadian Carbon Pricing

India CCTS

Canada CFR

India CAFE

Canopy

VCM

CORSIA

Article 6

Industrial Decarbonization

Pulp & Paper

CDR & CCUS

Agriculture & Food Systems

Chemicals

Nature & Land Use

Corporate Nature Reporting

Latest Articles

SBTi V2.0: The Final Standard, Decoded

Alberta’s CCS Protocol v2.1: DAC, Hubs & the Credit Stack

Agriculture & Food Systems Decarbonization

Fact Sheets & Resources

Canada CFR Fact Sheet

CORSIA Fact Sheet

India CCTS Primer

India CCTS Market Outlook

Recent Events

India CCTS: Market Outlook & Compliance Management

About Climate Decode