CARBON LIMITS

What CARBON LIMITS does

Carbon Limits AS is an Oslo-based international climate consultancy founded in 2005 by Torleif Haugland, specializing in greenhouse gas emissions reduction advisory. The firm delivers expert services across nine main practice areas: Decarbonization of the Oil and Gas Sector, Coal Sector Emissions Reduction, Climate Policy and Strategy, Carbon and Climate Finance, Carbon Capture Utilization and Storage (CCUS), Carbon Dioxide Removal (CDR), Low Carbon Hydrogen, and Biogas/Agriculture/Waste Management. Its core software product is Mist, a proprietary methane inventory and scenario-analysis platform used by over 40 oil and gas companies since early 2023 for credible emissions accounting and mitigation planning. The company operates as a single integrated service organization rather than a platform-plus-modules architecture, with consulting methodologies spanning capacity building, GHG reporting, guidelines writing, techno-economic analysis, tool development, and workshop delivery.

The firm serves four primary customer segments: governments and regulatory bodies, oil and gas companies, development finance institutions, and environmental NGOs. Named clients and partners include the World Bank, European Bank for Reconstruction and Development (EBRD), UNIDO, UNEP IMEO, the Norwegian Ministry of Foreign Affairs (via NORAD/Oil for Development), the Norwegian Environment Agency, Environmental Defense Fund, Oil and Gas Climate Initiative, and the Energy Institute. Carbon Limits generates revenue through advisory fees and consulting service charges on project-based, multi-year engagements, with pricing quoted per project based on scope, duration, and complexity rather than standardized tiers. Distribution is via direct sales motion through business development, conference participation, professional networks, thought leadership publications, and sustained engagement with international development institutions. The company has completed over 400 projects across more than 80 countries, with a team of 40+ professionals representing 22 nationalities.

Name

CARBON LIMITS

Legal name

Carbon Limits AS

Website

https://carbonlimits.no

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Carbon Limits is an Oslo-based international climate consultancy, founded in 2005, providing greenhouse gas emissions reduction advisory and a proprietary methane inventory software (Mist) to governments, oil and gas companies, development finance institutions, and NGOs across 80+ countries.

Ownership category

akta.pro rank

Product category

Climate Change Consulting

NAICS

Environmental Consulting Services (54162)

akta.pro primary industry

Methane Abatement Projects (Landfill Gas, Manure, Coal Mine Methane, O&G Methane) (EUABABAL)

akta.pro secondary industries

Carbon Market & Policy Advisory (Compliance Schemes, ETS Design, Article 6) (EUABADAA), Carbon Finance & Investment Advisory (Project Finance, Funds, SPVs) (EUABADAD), Emissions Factors, LCA & Product Carbon Footprint (PCF) Platforms (EUABAEAD), Carbon Accounting, Verification & Registry Services (MRV, Audits, Certification) (IMAMAJAE), Carbon Hedging, Risk Management & Analytics (Pricing, VaR, Scenario Analysis) (EUABADAG)

Keywords

• Climate consultancy services
• Methane emissions management
• Carbon capture advisory
• Climate finance advisory
• GHG accounting

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Advisory and Consulting Services: Carbon Limits generates revenue through advisory fees and consulting service charges for climate and emissions-related assessments, carbon accounting, CCS/CCUS project development, and policy advisory services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Carbon Limits is a climate consultancy that advises public authorities, energy companies, financial institutions, and NGOs on greenhouse gas emissions reduction. Its engagements span methane inventory and abatement in oil and gas, coal sector emissions, climate policy and strategy, carbon and climate finance, CCUS, carbon dioxide removal, low carbon hydrogen, and biogas/agriculture/waste. The firm also sells the Mist software platform, a methane inventory management tool used by oil and gas operators.

Product overview

Carbon Limits is an international climate consultancy providing expert services focused on reducing greenhouse gas emissions. The company operates as a single integrated service offering rather than a platform-plus-modules architecture. Their core product is the Mist methane inventory tool, a software platform for methane emissions management in the oil and gas sector that integrates scenario analysis and reconciliation modules. Beyond Mist, Carbon Limits offers specialized consultancy services organized across nine main categories: Decarbonization of Oil and Gas Sector, Coal Sector Emissions Reduction, Climate Policy and Strategy, Carbon and Climate Finance, Carbon Capture Utilization and Storage (CCUS), Carbon Dioxide Removal (CDR), Low Carbon Hydrogen, Biogas/Agriculture/Waste Management, and Other Contributions. These services are delivered through various methodologies including Capacity Building, GHG Reporting, Guidelines Writing, Techno-Economic Analysis, Tool Development, and Workshop Delivery among others. The company has completed over 400 projects across more than 80 countries since 2005.

Differentiator

Problem solved

Functional benefit

Products and services

• Mist
• Decarbonization of the Oil and Gas Sector Services Consulting services covering reduction of methane emissions and flaring along the oil and gas value chain, including methane emissions inventory, technology guidance, standards and best practices, and emission abatement options.
• Coal Sector Emissions Reduction Services Advisory services on methane emissions reduction from coal mines and evaluation of early decommissioning of coal-fired power plants, including emission inventories, measurement campaigns, and abatement strategies.
• Climate Policy and Strategy Services Climate change policy assessment from risk management and business opportunity perspectives, including climate policy analysis, workshops, sustainable development strategies, GHG abatement analysis, and emission trading scheme implementation.
• Carbon and Climate Finance Services Carbon markets and climate finance expertise covering project development, monitoring and reporting, methodology development, emissions reductions quantification, and compliance and voluntary carbon market advisory including Article 6 of the Paris Agreement.
• Carbon Capture Utilization and Storage (CCUS) Services Comprehensive CCUS consulting services including value chain assessments (technical, economic, environmental), interactive data visualization tools, incentive mechanism analysis, training, and roadmap development from gap analysis through execution.
• Carbon Dioxide Removal (CDR) Services Consulting on carbon dioxide removal projects including life-cycle assessments, policy and technical market reviews, and registration of CDR projects for voluntary carbon markets.
• Low Carbon Hydrogen Services Environmental impact assessments of hydrogen value chains and roadmap development at country and regional levels for building a low carbon hydrogen economy.
• Biogas, Agriculture and Waste Management Services Sustainability assessment and greenhouse gas emissions reduction advice for biogas, agriculture, and waste-to-energy projects, including directives assessment, market analysis, emission reduction guidance, and monitoring procedures.

Quantifiable outcome

• 400+ completed projects across 80+ countries
• +2 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

17 partnerships are on record, tiered core and minor.

• Oil and Gas Climate Initiative (OGCI)coreStrategic or Co-development PartnerCarbon Limits collaborated with OGCI on a carbon accounting report for Carbon Capture and Storage (CCS) and Emission Reduction (ECR) methodologies. This partnership established important frameworks for accounting in these emerging climate mitigation areas.
• Perspectives Climate GroupcoreStrategic or Co-development PartnerCollaborated with Carbon Limits on the OGCI carbon accounting report for CCS and ECR, bringing complementary climate economics expertise to the partnership.
• SINTEF EnergycoreStrategic or Co-development PartnerSINTEF Energy is mentioned as a key partner in driving Norwegian CCUS Innovation. Carbon Limits co-develops integrated approaches with SINTEF for Norwegian national CCUS initiatives.
• CCUS NorwaycoreStrategic or Co-development PartnerCarbon Limits leads the CCUS Norway initiative, Norway's national CCUS innovation cluster, coordinating industry and research stakeholders.
• Stakeholder Democracy Network (SDN)minorImplementation/ SI/ Consulting PartnerSDN partnered with Carbon Limits for methane training programmes in Nigeria, supported by Global Methane Hub funding.
• World BankcoreStrategic or Co-development PartnerCarbon Limits has completed multiple projects for the World Bank across climate and emissions-related consultancy engagements.
• European Bank for Reconstruction and Development (EBRD)coreStrategic or Co-development PartnerCarbon Limits has completed multiple projects for EBRD in climate and emissions consultancy.
• Nordic Environment Finance Corporation (NEFCO)minorStrategic or Co-development PartnerCarbon Limits has worked with NEFCO on Nordic climate finance projects.
• Environmental Defense Fund (EDF)minorStrategic or Co-development PartnerCarbon Limits has collaborated with EDF on methane emissions measurement and carbon accounting initiatives.
• UNEP IMEOminorStrategic or Co-development PartnerCollaboration on international methane emissions observatory activities.
• Solutions for Our ClimateminorStrategic or Co-development PartnerProject collaboration on climate solutions work.
• Agora Think TanksminorStrategic or Co-development PartnerProject collaboration on climate policy think tank initiatives.
• Climate Change and Energy Solutions (C2ES)minorStrategic or Co-development PartnerProject collaboration on climate and energy solutions.
• Carbon GapminorStrategic or Co-development PartnerProject collaboration on carbon gap assessment work.
• Norwegian Petroleum DirectorateminorStrategic or Co-development PartnerCollaboration on petroleum sector climate and emissions work.
• The Gold Standard FoundationminorStrategic or Co-development PartnerCollaboration on carbon credit certification and standard-setting.
• German Federal Institute for Geosciences and Natural Resources (BGR)minorStrategic or Co-development PartnerProject collaboration on geosciences and natural resources climate work.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• EcoAct (an EY company): Climate strategy and carbon accounting consultancy serving multinational corporates, with deep expertise in GHG inventories, SBTi target-setting, and net-zero strategy — directly comparable to Carbon Limits' carbon accounting and climate advisory services.
• Carbon Trust: Established climate advisory firm advising governments and corporates on decarbonization, carbon footprinting and climate strategy. Comparable in client mix (governments, DFIs, corporates) and service breadth, with a similar focus on measurement-led climate action.
• Anthesis Group: Sustainability and climate advisory firm delivering carbon footprinting, climate strategy, and decarbonization services to corporates and financial institutions. Comparable boutique-to-mid-tier positioning and service mix to Carbon Limits.
• South Pole Group: Global climate solutions provider offering carbon advisory, project development, and climate strategy to corporates and DFIs — directly comparable to Carbon Limits' advisory + project development model across methane, renewables, and voluntary carbon markets.
• Perspectives Climate Group: Climate economics and policy consultancy with deep expertise in voluntary carbon markets, Article 6, and climate finance — directly comparable to Carbon Limits' carbon markets and policy advisory practice, and already a co-author with Carbon Limits on OGCI carbon accounting reports.
• ClimeCo: Climate action provider combining advisory, project origination, and carbon credit development for corporates and project developers. Similar DNA to Carbon Limits in blending technical advisory with emissions reduction project work.

Broad incumbents

• Ramboll: Engineering and environmental consultancy with a dedicated climate and energy transition practice, including CCUS, decarbonization strategy, and climate advisory. Competes with Carbon Limits on European energy and CCUS mandates, with deeper engineering bench but broader portfolio.
• WSP: Global professional services firm with a sizable environment and climate advisory practice, including GHG accounting and energy transition advisory. Larger and more diversified than Carbon Limits but competing for similar energy and infrastructure decarbonization work.
• ERM (Environmental Resources Management): Global environmental consultancy with a large climate and energy transition practice covering GHG inventories, CCS advisory, and climate strategy. Larger and broader than Carbon Limits, but directly competing on similar tenders for energy majors and DFIs.

Emerging players

• GHGSat: Satellite-based methane detection company collaborating with Carbon Limits. Adjacent rather than directly competing, but operates at the same intersection of methane measurement and oil & gas emissions intelligence, making it a complementary emerging player in the methane data stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/carbon-limits-as
• Xx.com/carbonlimitsas

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 LIMITS