What Carbon Tracker does

Carbon Tracker Initiative is an independent, UK-registered (Company No. 06888857) non-profit financial think tank founded in 2011, operating under Tracker Group alongside Planet Tracker. The organization produces data-driven analysis linking climate science (carbon budgets, emissions trajectories) with financial analysis (stranded asset risk, capital allocation) to align capital markets with the energy transition. Its core products are freely distributed research reports covering Oil & Gas, Power & Utilities, Autos, Capital Markets Policy, and Regulatory Policy, supplemented by interactive data tools: the Power & Utilities Open Data Portal, Company Profiles covering approximately 65 corporations, Coal Country Profiles, and Climate Accounting and Audit Assessments covering all 170 Climate Action 100+ focus companies. Proprietary analytical frameworks include Carbon Supply Cost Curves mapping project break-even prices against carbon budgets, a Paris-Compliant Methodology for Coal Power, Climate Action 100+ assessment methodologies, and the CTI-PALEM model quantifying transition finance costs for coal phaseouts.

Carbon Tracker serves three primary audiences: financial investors (asset managers, pension funds, asset owners) seeking to price fossil fuel risk and avoid stranded assets; policymakers and regulators needing data-driven analysis for climate and financial stability policy; and energy companies (oil, gas, power, utilities) assessing transition exposure. It also engages climate NGOs and advocacy organizations. The organization is funded by a range of UK, European, and American philanthropic foundations, with no commercial pricing for outputs and no venture or private equity funding rounds. Distribution is exclusively direct through the carbontracker.org website, supplemented by a podcast (Capital in Transition), email newsletters, events including London Climate Action Week and the FT Climate Impact Summit, and earned media in outlets such as The Guardian and Financial Times. The organization does not offer a unified software platform, public API, or commercial product suite; its value is delivered as intellectual property and influence within the sustainable finance ecosystem.

Name

Carbon Tracker

Legal name

Carbon Tracker Initiative Limited

Website

https://carbontracker.org

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Carbon Tracker Initiative is a UK-based non-profit financial think tank founded in 2011 that produces free, data-driven research linking climate science with financial analysis to help investors, policymakers, and energy companies price fossil fuel risk and align capital markets with the energy transition.

Ownership category

akta.pro rank

Product category

Climate Financial Research

NAICS

Environment, Conservation and Wildlife Organizations (813312)

akta.pro primary industry

Carbon Hedging, Risk Management & Analytics (Pricing, VaR, Scenario Analysis) (EUABADAG)

akta.pro secondary industries

ESG/Sustainability Reporting & Disclosure Platforms (EUABAEAB), Carbon Market & Policy Advisory (Compliance Schemes, ETS Design, Article 6) (EUABADAA), Enterprise Carbon Accounting & GHG Inventory Platforms (EUABAEAA)

Keywords

• Climate financial research
• Stranded asset analysis
• Energy transition risk
• Sustainable finance research
• Carbon risk assessment

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Foundation Grants and Funders: Carbon Tracker is a non-profit initiative funded by a range of UK, European and American foundations. The organization operates as an independent financial think tank supported by philanthropic funding to advance its mission of aligning capital markets with climate goals.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Carbon Tracker is an independent non-profit financial think tank that produces data-driven research, analytical tools, and assessments on the financial risks of climate change and the energy transition for capital markets. It analyzes stranded asset risk, carbon exposure of fossil fuel investments, and the Paris Agreement alignment of energy companies, distributing outputs freely to investors, policymakers, and companies.

Product overview

Carbon Tracker is an independent financial think tank that provides data-driven research and analytical tools focused on climate risk and the energy transition. The organization's offerings center on research reports analyzing fossil fuel investment risks and opportunities, supplemented by interactive data tools including the Power & Utilities Open Data Portal, Company Profiles covering approximately 65 companies in Oil & Gas and Power & Utilities sectors, and Coal Country Profiles. Additional resources include infographics, key terms glossaries, videos, and engagement tools. The company does not offer a unified software platform but rather distributes its intellectual property through free downloadable reports and web-based analytical tools.

Differentiator

Problem solved

Functional benefit

Products and services

• Power & Utilities Open Data Portal An interactive data portal allowing users to explore and download Carbon Tracker's data on corporations, countries, and reports related to the power and utilities sector. Targeted at investors, policymakers, and analysts evaluating climate-related financial risk in power generation.
• Company Profiles Analysis for approximately 65 companies in the Oil & Gas and Power & Utilities sectors, providing climate risk and energy transition alignment assessments for investors, policymakers, and corporate stakeholders.
• Coal Country Profiles Interactive tool providing country-level profiles on the global coal power sector to help policymakers and investors understand coal-related financial risks.
• Research Reports Comprehensive financial analysis reports covering capital markets policy, corporate research on power utilities and oil & gas, autos, climate accounting, energy transition, and regulatory policy. Used by investors, policymakers, and corporate stakeholders.
• Climate Accounting and Audit Assessments Assessments evaluating financial statements and audit reports of Climate Action 100+ focus companies to determine climate-related disclosure quality, covering all 170 CA100+ focus companies.
• Capital in Transition Podcast Monthly podcast covering the global reallocation of capital in the energy transition, providing commentary and analysis on climate finance developments.

Quantifiable outcome

• Analysis shows up to 30% of Canadian oil and gas value at risk under fast-paced energy transition
• +5 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered major, core and minor.

• ClientEarthmajorStrategic or Co-development Partner · 24 June 2026Joint event at London Climate Action Week 2026 focused on disruption in the oil and gas sector regarding project approval, financing, and asset retirement. Collaboration includes joint report launch on fossil reserves valuations.
• UCL (University College London)majorStrategic or Co-development Partner · 24 June 2026Academic partner for joint event with ClientEarth and Carbon Tracker at London Climate Action Week 2026. UCL academics participate in discussions on fossil fuel lifecycle regulations and investor risks.
• Tracker GroupcoreStrategic or Co-development PartnerCarbon Tracker is an initiative under Tracker Group alongside Planet Tracker. Tracker Group is the parent organization that oversees Carbon Tracker and related climate-focused initiatives, providing institutional structure and shared resources.
• CEREScoreStrategic or Co-development PartnerPartnership with CERES to engage 45 of the largest global fossil fuel companies on carbon asset risk. CERES coordinates investor engagement with companies on environmental sustainability issues.
• Energy Transition AdvisorsminorImplementation/ SI/ Consulting PartnerMark Fulton (former Head of Climate Change Investment Research at Deutsche Bank) and Paul Spedding collaborated with Carbon Tracker on foundational analysis for carbon supply cost curve research.
• Climate Action 100+coreStrategic or Co-development PartnerCarbon Tracker serves as a research provider for Climate Action 100+, providing alignment assessments and methodologies for the investor engagement initiative focused on the world's largest corporate greenhouse gas emitters.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Urgewald: Urgewald is a non-profit that produces the Global Coal Exit List and Global Oil & Gas Exit List used by investors to screen fossil fuel exposure — a directly comparable asset-level investor screening output to Carbon Tracker's coal country profiles and stranded asset analysis.

Broad incumbents

• BloombergNEF: BloombergNEF is a leading commercial provider of energy transition research, data and analytics to financial and corporate clients, with broader sector coverage and a paid business model that competes for the same institutional investor audience as Carbon Tracker.
• International Energy Agency (IEA): The IEA is the established intergovernmental authority on global energy data, scenarios and policy analysis, with much broader mandate and resources than Carbon Tracker but overlapping on energy transition pathways and capital market implications.

Direct peers

• InfluenceMap: InfluenceMap is a non-profit think tank producing research on how corporations and industry associations influence climate policy, with comparable non-profit, research-driven, investor-and-policymaker-targeted output to Carbon Tracker.
• Climate Bonds Initiative: Climate Bonds Initiative is a non-profit working to mobilize global capital for climate action through green bond standards and certification, with comparable investor-engagement and climate finance analysis offerings to Carbon Tracker's capital markets work.
• Transition Pathway Initiative (TPI): TPI assesses how prepared companies in high-emitting sectors are for the transition to a low-carbon economy, publishing asset-level assessments used by investors — directly comparable to Carbon Tracker's Company Profiles and Paris-alignment assessments.
• Planet Tracker: Planet Tracker is a sibling non-profit initiative under Tracker Group alongside Carbon Tracker, applying financial analysis to environmental risks in other sectors (oceans, water, biodiversity) — same organizational parent, same think-tank operating model, and same investor target audience.
• CDP (Carbon Disclosure Project): CDP runs the global disclosure system for companies, cities, states and regions to manage their environmental impacts, and is a primary source of climate/environmental datasets used by investors — directly comparable to Carbon Tracker's role providing investor-grade climate disclosure analysis.
• Ceres: Ceres is a sustainability advocacy non-profit that coordinates investor engagement with major companies on climate risk — Carbon Tracker's named partner on the 45-fossil-fuel-company engagement — making it a directly comparable mission-aligned peer.
• 2° Investing Initiative (2DII): 2DII develops open-source methodologies and tools to align financial portfolios with the Paris Agreement, and partners with investors on climate alignment assessment — directly comparable in mission, methodology focus, and investor audience to Carbon Tracker.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/carbon-tracker
• Xx.com/CarbonBubble

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carbon Tracker