CMI's research program

Through our research agenda, we inform discourse regarding the urgent need to deploy zero and negative emissions technologies and the optimal use of carbon markets. Our research outputs are designed to inform more ambitious policy, commitments and practice, accelerate corporate and industrial emission reductions alongside whole-of-economy reductions and removals and advance high integrity carbon crediting frameworks that deliver enduring co-benefits.

Carbon Market Report

Launched in 2024, the CMI and Westpac ‘Carbon Market Report‘ is now in its second edition, the 2025 report is titled ‘Evolving Markets, Emerging Solutions‘.

The report is part of an annual series that presents expert carbon market insights from CMI members – decarbonisation analysts, nature specialists, lawyers, financial market specialists, technology specialists, and decarbonisation advisors. Across 9 chapters, this report explores topics such as the role of banks in supporting compliance under the Safeguard Mechanism and the data revolution in carbon markets.

The 2024 report.  

Carbon for Nature Report

The Carbon for Nature report, co-developed by CMI and NRM Regions Australia, explores the opportunities, challenges, and policy measures to leverage carbon farming investment to deliver additional benefits for nature. As climate change and biodiversity loss accelerate, this report highlights how integrating biodiversity into carbon markets can enhance environmental outcomes, strengthen investment frameworks, and drive measurable nature-positive impact.

View the report below and summary here.

Australian Business Climate Survey

The 2024 Australian Business Climate Survey builds on a decade of insights into Australian business and industry attitudes toward domestic and international climate policy, carbon markets and pricing, corporate climate risk, and strategies. This 11th edition reflects the evolving priorities and challenges in the decarbonisation journey.

Carbon Farming Scorecard

The Carbon Farming Scorecard provides an annual pulse-check on Australia’s carbon farming frameworks and policies at both a national, and sub-national level. Produce in partnership with KPMG, the Scorecard has demonstrated a clear forward trajectory year-on-year in all jurisdiction. While substantial policy gains have occurred since the inaugural scorecard, the 2024 Scorecard showed that progress is slowing but significant opportunities remain.

View the 2024 results below, and access previous year’s scorecards, from 2023 and 2022.