Global carbon credit supply could grow 20- to 35-fold by 2050 from today’s levels, catalyzed by a market reset already underway that focuses on integrity and impact. While this long-term growth is likely, as carbon credits will allow compliance with a range of regulated and unregulated markets, the winners from the reset could range from nature-based solutions to technology-based carbon removal. Average costs might rise as high as $60 per ton of CO2 equivalent in 2030 and $104/ton in 2050, based on which sectors dominate.