Value-in-use natural capital pricing
The value in a tonne of carbon.
Every carbon metric you have seen measures the cost of an emission. This one measures the value: the market value created per tonne of CO2, across 48 commodities and 130 economies, benchmarked against what the whole world economy earns per tonne.
One number, read the other way.
Pick any tonne of CO2 and ask what market value it created. A tonne spent making silver creates around $13,000 of product. A tonne spent making copper, about $3,600. A tonne spent on beef, about $75. The whole world economy averages roughly $2,900 of GDP per tonne of carbon.
Pick any tonne of CO2 and ask what market value it created. A tonne spent making silver creates around $13,000 of product. A tonne spent making copper, about $3,600. A tonne spent on beef, about $75. The whole world economy averages roughly $2,900 of GDP per tonne of carbon.
~$2,900
what the world economy creates per tonne of carbon, at market GDP. The line everything else is measured against.
$13k vs $75
silver against beef, the top and bottom of the table. Nearly a 180-fold spread on the same tonne of carbon.
15 of 48
commodities whose carbon cost exceeds their market value at a $250 carbon price. Fossil fuels and staples cross first.
Free, every quarter.
The headline index is free to download in full, every quarter. The current edition prices every commodity to the most recent quarter-end close and ranks all 130 economies on one scale, with every figure traced to a public source. You get the report as a PDF and the model as a spreadsheet.
Current edition: Q3 2026
Every edition, still here.
The current quarter is free above. Past editions stay available in full, the report and the model together, so you can track a commodity or a country across quarters.
Q3 2026
CURRENT
Prices to September 30, 2026
Q2 2026
Prices to June 30, 2026
Go deeper, still free.
The full datasets reach further than the headline index: whole-economy sectors, transport modes, the complete 130-country register, and the copper-versus-solar series back to 2008. All of it is free to download, no sign-up, refreshed each quarter alongside the index.
How to read it.
The ratio
Carbon privilege is market price divided by carbon footprint, in dollars per tonne of CO2. For a country, GDP divided by territorial emissions.
The boundary
Metals are scored to the finished-metal gate, smelter included; fuels including combustion. We count the smelter for copper and the tailpipe for oil.
The caveats
Prices refresh quarterly, footprints once a year. Precious and battery-metal footprints are allocation-sensitive, so compare at the tier, not the decimal. Directional figures, built on stated assumptions.
CONSULTING
More value per tonne of carbon.
Going carbon zero in a hurry is not the only play, and often not the best one. The number that builds lasting value is revenue per tonne of carbon for a company, and GDP per tonne of carbon for a country. We help both raise it: see where the carbon actually goes, shift the mix toward higher-value output, and get more product and more profit from every tonne depleted. Tell us which you are and we will take it from there.